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Prices of industrial goods up for the third month
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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In January, motor fuel had the biggest impact on the consumer price index
In January 2021, the consumer price index, which expresses the change in the prices of consumer goods and services, rose by 0.7% compared to December 2020 and by 0.2% compared to January 2020. Goods were 0.8% cheaper than in January 2020 and services were 2% more expensive.
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Construction prices started to rise in the fourth quarter
According to Statistics Estonia, in 2020, the construction price index increased by 0.4% compared to the average of 2019. In the fourth quarter of 2020, compared to the third quarter, the construction price index rose by 0.4%, and compared to the fourth quarter of 2019, fell by 0.1%.
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Producer price index rose by 0.7%
In December 2020, 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 0.7% compared to November 2020 and by 0.7% compared to December 2019.
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In November, the producer price index increased by 1%
In November 2020, 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 1.0% compared to October and decreased by 0.9% compared to November 2019.
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Dwelling Price Index rose in the third quarter
According to Statistics Estonia, in the third quarter of 2020, the Dwelling Price Index increased by 2.3% compared to the second quarter and by 3.9% compared to the third quarter of 2019.
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Motor fuel and electricity had the biggest impact on the consumer price index in November
According to Statistics Estonia, in November, the consumer price index rose by 0.1% compared to October. The index fell by 1.1% compared to November 2019, with goods being 1.2% and services 0.9% cheaper.
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In October, the producer price index did not change
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 exports, was at the same level as in September. Compared to October 2019, the producer price index decreased by 1.9%.
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Consumer price index continued to fall in October
According to Statistics Estonia, the change of the consumer price index in October 2020 was
-0.5% compared to September 2020 and -1.5% compared to October 2019. Year on year, goods were 0.9% and services 2.4% cheaper.
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In September, the industrial producer price index was affected by a fall in electricity prices
According to Statistics Estonia, in September, the producer price index of industrial output decreased by 0.4% compared to August 2020 and by 2.4% compared to September 2019.
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Motor fuel and food had the biggest impact on the consumer price index
According to Statistics Estonia, the change of the consumer price index in September 2020 was
-0.3% compared to August 2020 and -1.1% compared to September 2019. Year on year, goods were 0.7% and services 1.7% cheaper.
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In August, the industrial producer price index increased by 1.1%
According to Statistics Estonia, in August, the producer price index of industrial output increased by 1.1% compared to July 2020 and decreased by 2.2% compared to August 2019.
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Unemployment up by 16,000 persons in a year
According to Statistics Estonia, in 2020, the labour force participation rate was 71.6%, the employment rate was 66.7%, and the unemployment rate was 6.8%. There were 47,900 unemployed persons, which is 16,600 more than in 2019.
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Number of accommodated tourists dropped by nearly a half last year
According to Statistics Estonia, in 2020, Estonian accommodation establishments served nearly 2 million tourists, whose nights spent totalled 3.7 million. The number of visitors fell by 48% compared to 2019.
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Last year, exports remained close to the level of 2019
According to Statistics Estonia, in 2020, exports of goods decreased by 1% and imports by 6% year on year. There was a fall in trade in the first half of the year, which was counterbalanced by the growth in the final months of the year – in December, exports grew by 25% and imports by 10%.
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In January, motor fuel had the biggest impact on the consumer price index
In January 2021, the consumer price index, which expresses the change in the prices of consumer goods and services, rose by 0.7% compared to December 2020 and by 0.2% compared to January 2020. Goods were 0.8% cheaper than in January 2020 and services were 2% more expensive.