According to Statistics Estonia, in February, the consumer price index rose by 0.9% compared to January and by 0.6% compared to February 2020. Goods were 0.6% cheaper and services 2.7% more expensive than in February last year.
According to Statistics Estonia, in the fourth quarter of 2020, the gross domestic product (GDP) decreased by 1.2% year on year, and the GDP at current prices was 7.3 billion euros. In 2020 as a whole, the Estonian economy shrank by 2.9%.
In January 2021, the producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for exports, increased by 0.8% compared to December 2020 and by 2.3% compared to January 2020.
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