Estonia’s consumer price index rose by 3.5% in 2024 compared with 2023, according to revised data from Statistics Estonia. Changes in food and non-alcoholic beverage prices had the biggest impact on the index in 2024, accounting for 23.7% of the total rise. Prices of food and non-alcoholic beverages rose by 3.2%, alcoholic beverages and tobacco…
The malfunction of the EstLink 2 power cable between Estonia and Finland is likely to raise electricity prices in Estonia, according to energy experts, ERR reports. However, Jaanus Uiga, deputy secretary general at the Ministry of Climate, said that, owing to an increase in renewable energy capacity, the price difference between Estonia and Finland could…
The Estonian government may allocate EUR 100mn to state-owned energy company Eesti Energia to speed up the construction of a new gas power plant in Narva, ERR reports. Also, the government is discussing the possible differentiation of renewable energy fees for companies and reducing network tariffs or changing electricity taxes for private consumers. The moves…
The average annual price of electricity in Estonia stood at EUR 87.27 per MWh in 2024, which was down from EUR 90.79 per MWh in 2023, according to data from the Nord Pool electricity exchange, ERR reports. The highest average price was in January 2024 (EUR 126.5 per MWh) and the lowest in April 2024…
Average consumer prices in Latvia rose by 2.2% in November 2024 when compared to the same period of 2023, according to data from the Central Statistical Bureau (CSP), LSM reports. Compared to October 2024, average consumer prices rose by 0.2%. Since 2015, overall consumer prices have risen by 46.4%.
The consumer price index (CPI) in Estonia rose by 3.7% in November 2024 compared to the same period of 2023, according to data from Statistics Estonia, ERR reported. The price of goods rose by 2.5% and services by 5.6% over a year. Compared to October 2024, consumer prices declined by 0.4%. The CPI was primarily…
Estonia’s GDP will decline by 0.4% in 2024, before rising by 1.9% in 2025 and 3.0% in 2026, according to the Bank of Estonia’s latest forecast, ERR reports. Annual inflation will reach 3.5% in 2024, rising to 3.9% in 2025 and then falling again to 3.6% in 2025, the central bank projects. Inflation will rise…
Estonia’s Climate Ministry has proposed amendments to exempt electricity storage facilities from double fees as of the beginning of 2026, BNS reports. Under the amendments, renewable energy and grid transmission fees for storage equipment would only be charged on net consumption for the calendar month. Owners of storage devices would thus only pay for the…
Estonia’s housing price index rose by 6.7% in the second quarter of 2024, compared to the same period of 2023, according to Statistics Estonia, ERR reports. Compared to the first quarter of 2024, the index rose by 2.8%. Apartment prices rose by 2.9% and house prices by 2.4% over a quarter. Apartment prices rose by…