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HICP flash estimate: prices down by 0.5% in November

A new business analytics tool on the eesti.ee portal is now freely available to all entrepreneurs

HICP flash estimate: prices in October did not rise compared with September

GDP flash estimate: economy grew by 0.9% in Q3

HICP flash estimate: prices down by 1.2% in September

According to the preliminary estimate of Statistics Estonia, in September 2025, the harmonised index of consumer prices (HICP), which includes the expenditures of tourists, decreased by 1.2% compared with August. Compared with September last year, the HICP rose by 5.2%. The HICP is a flash estimate, which will be revised based on the September price data.

Construction prices rose by 1.5% last year

According to Statistics Estonia, the construction price index, which expresses the change in construction expenditures, increased by 1.5% in 2025 compared with the average of 2024. The rising cost of materials was the main reason for the increase in the construction price index.

There were 7% more foreign tourists accommodated in November

According to Statistics Estonia, accommodation establishments served 254,989 tourists in November 2025, which is 3% more than in the same month a year earlier. There were 7% more foreign tourists, but the number of domestic tourists did not increase.

The volume of retail trade turnover in November was unchanged year on year

According to Statistics Estonia, in November 2025, the turnover of retail trade enterprises was 907 million euros. Compared with November 2024, the volume of retail trade turnover remained at the same level.

Revised data: average wages and salaries were €2126 in the second quarter

At-risk-of-poverty rate down, absolute poverty rate up in Estonia

Average wages and salaries were €2,075 in the third quarter

Economic growth accelerated in the 3rd quarter

According to Statistics Estonia, the gross domestic product (GDP) of Estonia grew by 4.2% in the third quarter of 2018 compared to the same period of the previous year.

In October, turnover growth of retail trade enterprises continued

According to Statistics Estonia, in October 2018, the turnover of retail trade enterprises was 613.9 million euros. Turnover increased 3% at constant prices compared to October of the previous year.

Indicators of Sustainable Development

In the 3rd quarter, the growth of average wages and salaries accelerated

According to Statistics Estonia, in the 3rd quarter of 2018, the average monthly gross wages and salaries of enterprises, institutions and organisations were 1,291 euros, having increased by 7.5% compared to the 3rd quarter of 2017. The year-on-year growth in average monthly gross wages and salaries was 1.1 percentage points faster than in the previous quarter.

The profit of the business sector increased in the 3rd quarter

According to Statistics Estonia, in the 3rd quarter of 2018, the total profit of the business sector was 871 million euros, which is 21% more than in the same period the year before.

Construction volume increased in the 3rd quarter

According to Statistics Estonia, in the 3rd quarter of 2018 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries increased by 16%. Taking into account only Estonian construction market, construction volume increased by 18%.

Industrial producer price index increased in October

According to Statistics Estonia, in October 2018, the producer price index of industrial output changed by 0.3% compared to September and by 2.8% compared to October 2017.

Older persons are becoming more active in the labour market

According to Statistics Estonia, in the 3rd quarter of 2018, the unemployment rate was 5.2%, the employment rate was 68.2% and the labour force participation rate was 72%. The unemployment rate remained low and is similar to that of economic boom years. The employment rate and the labour force participation are even higher than during the boom years. Employment of older persons is at a record high.

In September, trade increased

According to Statistics Estonia, in September 2018, the exports and imports of goods both increased by 11% compared to September 2017. The growth in trade was affected the most by an increase in trade in mineral products (fuel additives, motor spirit).

Consumer price index was affected the most by transport in October

According to Statistics Estonia, the change of the consumer price index in October 2018 was 0.5% compared to September 2018 and 4.4% compared to October of the previous year.

In September fewer tourists stayed in accommodation establishments than a year ago

According to Statistics Estonia, in September 2018, domestic and foreign tourists who stayed in accommodation establishments numbered 276,000, which is 2% fewer than in September 2017. Compared to September of the previous year, the number of both domestic and foreign tourists decreased.

In September, the volume of industrial production was greater than a year ago

According to Statistics Estonia, in September 2018, the production of industrial enterprises increased by 2% compared to September 2017. Production increased in manufacturing and energy, but decreased in mining.

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