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The consumer price index rose by 19.4% in 2022
According to Statistics Estonia, in 2022, the consumer price index increased by 19.4% compared with the average of 2021. Housing-related price changes had the biggest impact on the consumer price index in 2022.
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The decline in industrial production deepened in November
According to Statistics Estonia, in November 2022, the total production of industrial enterprises decreased by 12.2% at constant prices compared with November 2021. Output fell in all three sectors – by 3.6% in electricity production, by 13.1% in manufacturing and by 11.1% in mining.
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Retail trade turnover down by 2% in November
According to Statistics Estonia, in November, the turnover of retail trade enterprises was 939 million euros. Compared with November 2021, turnover decreased by 2% at constant prices.
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Construction prices grew by 17.8% last year
According to Statistics Estonia, in 2022, the construction price index increased by 17.8% compared with the average of 2021. In the fourth quarter of 2022, the construction price index increased by 1.9% compared with the third quarter of 2022. The rise in the index compared with the fourth quarter of 2021 was again record high at 16.1%.
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In December, rising food prices had the biggest impact on the producer price index
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, increased by 0.3% in December 2022 compared with November 2022 and by 16.6% compared with December 2021.
News
The consumer price index rose by 19.4% in 2022
According to Statistics Estonia, in 2022, the consumer price index increased by 19.4% compared with the average of 2021. Housing-related price changes had the biggest impact on the consumer price index in 2022.
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The rise in the Dwelling Price Index slowed down in the third quarter
According to Statistics Estonia, in the third quarter of 2022, the Dwelling Price Index increased by 0.8% compared with the second quarter of 2022 and by 24.2% compared with the third quarter of 2021.
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Producer price index of industrial output rose by 22.4% year on year
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, increased by 0.2% in November compared with October 2022 and by 22.4% compared with November 2021.
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Food prices are becoming the biggest influencer of the consumer price index
According to Statistics Estonia, in November, the consumer price index rose by 0.9% compared with October and by 21.3% compared with November 2021. Goods were 20.1% and services 23.5% more expensive than in November last year.
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The economy contracted by 2.4% due to rising prices
According to Statistics Estonia, in the third quarter of 2022, the gross domestic product (GDP) fell by 2.4% year on year. The GDP at current prices was 9.3 billion euros.
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Producer prices of food products continued to rise in October
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 0.1% in October compared with September 2022 and by 23.5% compared with October 2021.
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Partial compensation for energy prices slowed the rise of the consumer price index in October
According to Statistics Estonia, in October, the consumer price index fell by 1.1% compared with September and rose by 22.5% compared with October 2021. Goods were 20.5% and services 26.4% more expensive than in October last year.
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Weakening material price pressures slowed the rise in the construction price index
According to Statistics Estonia, in the third quarter of 2022, the construction price index increased by 3.8% compared with the second quarter of 2022 and by 17.4% compared with the third quarter of 2021.
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Producer price index down by 1.3% in September
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, fell by 1.3% in September compared with August 2022 and rose by 23.2% compared with September 2021.