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Flash comment Estonia – Prices increased by 0.1% in 2016

09.01.2017
SwedbankConsumer price index increased by 0.1% in 2016. Higher excise taxes on alcohol, tobacco, and motor fuels contributed positively, while cheaper energy had the biggest negative impact on prices. The prices of alcoholic beverages and tobacco were around 6% higher than in 2015.

Heat energy were 9%, pipeline gas 20%, and motor fuels 4% cheaper than in 2015. Nevertheless, due to a gradual rise in oil prices since January 2016, and a hike in excise taxes in February 2016, the prices of motor fuels have started to rise. In December 2016, gasoline and diesel prices were already 16% higher than one year before.

CPI growth

 

In 2017, inflation in Estonia is expected to accelerate to around 3%, due to more expensive commodities, and new rounds of excise tax hikes on alcohol, tobacco, and fuels. In 2014-2016 average price level remained flat in Estonia, prices increased last time in 2013 (+2.8%).

Seonduvad uudised

  • 05.11.2021 Swedbank: Inflation accelerated in October
    In October, consumer prices increased by 7.0%, over the year, in Estonia. Around half of the increase in prices came from more expensive energy. Wages and pensions have risen as much as prices so far. Higher prices have not yet         
  • 10.01.2022 Swedbank: Inflation super rapid in December in Estonia
    Prices increased by 12.2%, over the year, in December. Inflation reached 12% last time in the 1990s. More than half of the price increase came from higher energy prices, mainly electricity. The rise in consumer prices is expected to accelerate         
  • 08.02.2022 Swedbank: Food prices jumped in Estonia
    Consumer prices rose by 11.3% in a year and -0.1% in a month in Estonia. Although electricity and gas prices fell compared to December, food prices rose significantly. Food prices showed such a rapid month-on-month growth rate previously 15 years         
  • 08.03.2022 Swedbank: Rapid price growth to continue in Estonia
    In February consumer prices rose by 12.0%, year-on-year, and 1.5%, month-on-month. Prices were lifted mainly by energy and food, although the increase in consumer prices is becoming more widespread, as rising production costs and supply disruptions a         

Meist

Tõnu Toompark on kinnisvaraanalüütik, -konsultant ja koolitaja, kelle tegevusvaldkonnad on valdavalt: * elamispindade turg, turutrendid, tehingud, hinnad ning turuülevaated; * uute korterite arendamise mahud, müük, hinnad ja analüüsid; * üürituru pakkumine, tehingud ja hinnad ning üüriinvesteeringud, tasuvusarvutused; * elamispindade kättesaadavus numbrilisena; * koolitused eeltoodud valdkondades. Koolituste valdkonnaga on Tõnu Toompark seotud üle 25 aasta. Ta on avaldanud sadu ja sadu kinnisvarateemalisi analüüse, artikleid ja kommentaare. Tõnu Toompark on läbi viinud koolitusi nii kesk-, kutse-, kõrg-, kui ülikoolides, lisaks mitmetes koolitusettevõtetes. Näiteks Kinnisvarakool, Tallinna Tehnikaülikool, Eesti Ettevõtluskõrgkool Mainor, Estonian Business School, Tartu Ülikool, Tallinna Majanduskool.

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