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HICP flash estimate: prices up by 0.9% in August
According to the preliminary estimate of Statistics Estonia, in August 2025, the harmonised index of consumer prices (HICP), which includes the expenditures of tourists, increased by 0.9% compared with July. In comparison with July last year, the HICP rose by 6.2%. The HICP is a flash estimate, which will be revised based on the August price data.
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Revised data: average wages and salaries were €2126 in the second quarter
According to Statistics Estonia's revised data, in the second quarter of 2025, the average monthly gross wages and salaries were €2,126, which is 5.9% higher than in the second quarter of 2024.
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HICP flash estimate: prices up by 0.6% in July
According to the preliminary estimate of Statistics Estonia, in July 2025, the harmonised index of consumer prices (HICP), which includes the expenditures of tourists, increased by 0.6% compared with June. Compared with July last year, the HICP rose by 5.6%.
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GDP flash estimate: economy grew by 0.5% in Q2
According to Statistics Estonia's preliminary estimate, Estonia's economy showed modest improvement in the second quarter of 2025. Compared with the second quarter of 2024, the gross domestic product (GDP) increased by 0.5%.
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Which smart devices do people in Estonia use at home?
According to Statistics Estonia, there has been a considerable rise in the use of Internet of Things devices over the last four years. The use of smart TVs has risen by 30%, and the use of smart watches has increased by as much as 60%. Internet-connected home appliances and voice-activated virtual assistants are also increasingly popular among households.
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Retail trade volume has fallen for two years in a row
According to Statistics Estonia, in August 2024, the turnover of retail trade enterprises was €889 million. Compared with August 2023, the volume of retail trade turnover fell by 4%.
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COVID-19 pandemic pushed up accommodation prices and boosted domestic tourism
According to Statistics Estonia, in 2023, the average expenditure of Estonian residents on overnight outbound trips was greater than in the period before the COVID-19 pandemic. The average spending on outbound trips has increased by 43% in the years 2018–2023. The number of tourists accommodated in Estonia has not yet reached the pre-pandemic level, but the share of domestic tourists has increased significantly compared with 2018.
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