Uudiste arhiiv

 

Flash comment: Estonia – Inflation should remain moderate this year

09.01.2020
Swedbank

Inflation was relatively weak at the end of last year, given the rapid growth in wages and other income. Inflation was moderate due to weak external price pressures and lower excise tax rates on alcohol. In December, inflation amounted to…

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Uus Maa: Estonian Real Estate Market review September 2019

29.10.2019
Uus Maa

2096 sales-purchase transactions of apartment ownerships were concluded in September. Even though according to common logic September seems to be a rather quieter month, as it is associated with the end of summer holidays and the beginning of school, the…

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Swedbank: Inflation has decelerated this year

05.07.2019
Swedbank

In June, inflation reached 2.4%, over the year. Goods were 1.8% and services 3.5% more expensive. Almost half of the increase in prices resulted from higher prices of food and housing. The prices of fresh vegetables have surged due to…

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Flash comment Estonia: Inflation reached 3.4% in 2018

08.01.2019
Swedbank

• Inflation amounted to 3.4% in December and for 2018 as a whole.• In 2019, price growth is expected to slow to 2.8% as energy prices should stabilise and the planned hike of the excise tax on alcohol is cancelled.…

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Flash comment: Estonia – Inflation remained above 3% in September

08.10.2018
Swedbank

Inflation remained above 3% in September Inflation rate has fluctuated between 3% and 4% in recent months. Annual change in consumer prices amounted to 3.7% in September. Among different product groups, the prices of everyday essentials, i.e., housing, food, transport,…

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Swedbank: Inflation accelerated to 3.4% in 2017

08.01.2018
Swedbank

Inflation picked up last year due to higher commodity prices and an increase in excise tax rates. Higher excise taxes added 0.9 percentage point to inflation in 2017. Among different products and services, food and non-alcoholic beverages contributed the most.…

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SEB’s economic forecast: Faster growth despite political squalls

08.02.2017
SEB Pank

Notwithstanding political squalls blowing louder than ever, the global economy is forging ahead. The acceleration in economic growth and inflation are bringing us closer to an environment that we are accustomed to seeing as normal. Nevertheless, the spreading of protectionist…

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Flash comment Estonia – Prices increased by 0.1% in 2016

09.01.2017
Swedbank

Consumer 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…

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Swedbank: Excessive wage growth continues

30.08.2016
Swedbank

Wage growth remained rapid in the second quarter at around 8%, over the year. We expect average gross wage to rise by around 5% in 2017. In the 2nd quarter of 2016, the average monthly gross wage was 1,163 euros…

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Consumer prices continued to decline in the first half of 2016

07.07.2016
Swedbank

Cheaper energy and food behind the decline in prices Price growth is expected to be flat in 2016 In June 2016, consumer prices decreased by 0.4%, year on year, in Estonia. Goods were 0.6% and services 0.1% cheaper compared to…

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Acceleration of the economic growth was not broad based

09.06.2016
Swedbank

Statistics Estonia did not revise the GDP growth of 1Q2016 with its second estimate: it remained 1.7% yoy and flat qoq (swda) in real terms. Despite the fall in prices, GDP growth reached to 3% in nominal terms (2.5% in…

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Swedbank: Purchasing power increased by almost 10%

25.05.2016
Swedbank

Wage growth accelerated further in the first quarter. A surge in purchasing power supports consumption but hurts enterprises’ profitability. In the 1st quarter of 2016, the average monthly gross wage was 1,091 euros in Estonia, up by 8.1% over the…

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Consumer prices decreased by 0.5% in 2015

09.01.2016
Swedbank

Cheaper energy behind the decline in prices Inflation expected at around 1% in 2016 Consumer prices decreased by 0.5% in Estonia in 2015. Consumer prices declined due to lower energy prices. Motor fuels were 14%, heat energy 4%, and electricity…

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Moderate economic growth, yet risks have increased

14.09.2015
SEB Pank

Economic statistics for the past week revealed that the Estonian economy grew a lot more last year than was previously thought. The growth of GDP in the second quarter can also be regarded as being good. At the same time,…

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Swedbank flash comment: Estonia

07.09.2015
Swedbank

Cheaper energy behind deflation • Consumer prices dropped further in August • Cheaper energy behind the decline in prices • Inflation expected at -0.2% in 2015 and +1.9% in 2016 August deflation numbers were in line with our expectations. In…

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