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In February, the consumer price index remained at the same level as in January
According to Statistics Estonia, in February, the consumer price index remained at the same level as in January 2024 and increased by 4.2% compared with February 2023. Goods were 2.7% and services 6.6% more expensive than in February last year.
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The economy contracted by 3% last year
According to Statistics Estonia, in the fourth quarter of 2023, the gross domestic product (GDP) decreased by 2.7% compared with the same period of 2022. The GDP at current prices was 9.9 billion euros in the fourth quarter. In 2023 as a whole, Estonia’s GDP decreased by 3% and amounted to 37.7 billion euros at current prices.
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Producer price index of industrial output down by 1.5% from last year
According to Statistics Estonia, 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 export, rose by 2.0% in January 2024 compared with December 2023 and fell by 1.5% compared with January last year.
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