HICP flash estimate: prices up by 0.5% in July
According to the preliminary estimate of Statistics Estonia, in July, the harmonised index of consumer prices, which takes into account the expenditures of tourists, rose by 0.5% compared with June. Compared with July 2025, the index rose by 2%. This is a flash estimate which will be refined once more detailed data on July prices are received.
Turnover volume of grocery stores up in June after a long decline
According to Statistics Estonia, in June, the turnover of retail trade enterprises was 950 million euros. The volume of turnover increased by 1% compared with the same month of 2025.
GDP flash estimate: the economy grew by 2.1% in Q2
According to the preliminary estimate of Statistics Estonia, in the second quarter of 2026, the gross domestic product (GDP) increased by 2.1% compared with the same period of 2025.
Estonians’ assessment of the economy has improved, while confidence in the construction and trade sectors somewhat declined
Today, on 28 July, Statistics Estonia published the July data of the business and consumer surveys that measure the economic confidence of enterprises and consumers. The results show that the confidence of construction and trade enterprises has declined slightly, while assessments in other sectors and among consumers improved.
Higher building material prices pushed up construction prices in the second quarter
According to Statistics Estonia, the construction price index, which expresses the change in the cost of construction activity, rose by 3.1% in the second quarter of 2026 compared with the same period last year and by 1.9% compared with the first quarter of this year. In the second quarter, the index was most affected by the rise in the prices of building materials.
In May, there were 5% more accommodated tourists than the year before
According to Statistics Estonia, accommodation establishments served nearly 320,300 tourists in May 2026, which is 5% more than in May last year. Year on year, there were 9% more foreign tourists, and the number of domestic tourists remained at the same level.