Average consumer prices in Latvia rose by 3.5% on year in May 2026, according to data from the Central Statistical Bureau (CSP), LSM reported. The rise in annual inflation was mainly influenced by the increase in transport fuel prices (up 28.2%) and housing-related energy costs (up 5.8%). At the same time, prices for food and…
The International Monetary Fund (IMF) recommended that the Estonian government stabilise public debt by limiting budget spending and increasing revenue, ERR reports. IMF experts warned that if current policies continued, public debt would become unsustainable. GDP growth alone will not solve the country’s long-term challenges, they pointed out. Achieving more sustainable growth would require increasing…
Average consumer prices for transport fuel in Latvia rose by 28.2% on year in May 2026, according to data from the Central Statistical Bureau (CSP), LSM reported. Retail prices for diesel fuel increased by 33.3%, for petrol by 21.5%, and for autogas (LPG) by 14.4% over a year. Compared to April 2026, average fuel prices…
Estonia’s consumer price index rose by 3.7% on year in May 2026, according to Statistics Estonia, ERR reported. Consumer prices of goods rose by 3.1% and services by 4.6%. The increase in prices was influenced the most by a 10.4% rise in transport costs and 5.4% rise in housing-related costs, both driven up by higher…
Estonia’s harmonised index of consumer prices rose by 4% in May 2026 from a year earlier, according to Statistics Estonia’s preliminary estimate, ERR reports. Compared to April 2026, consumer prices rose by 0.9%. Lenno Uusküla, chief economist at Luminor, said that the rapid price increase was driven by higher energy and other commodity prices as…
The European Bank for Reconstruction and Development (EBRD) has lowered its GDP growth forecasts for all three Baltic States in both 2026 and 2027, LETA reports. The bank now projects that Estonia’s GDP will grow by 2.1% in 2026 and 2.3% in 2027. In February 2026, the bank’s GDP growth forecast for Estonia was 2.2%…
Four political groups in Latvia have signed an agreement on tasks and working principles for a new coalition government, LETA reports. The new coalition would consist of the opposition United List and National Alliance as well as current coalition partners New Unity and the Union of Greens and Farmers (ZZS). United List’s Andris Kulbergs would…
Latvia’s prime minister nominee, MP Andris Kulbergs of the opposition United List, announced that he would seek to form a four-party coalition government, LSM reported. After trilateral talks, United List, the National Alliance, and the Union of Greens and Farmers (ZZS) agreed to invite outgoing Prime Minister Evika Silina’s party, New Unity, to the negotiations….
The average price of agricultural land in Estonia was EUR 6,122 per hectare in 2025, which was down 9.7% from EUR 6,782 in 2024, according to Statistics Estonia, ERR reports. The price drop was due to a lack of large transactions. The average price of grassland stood at EUR 4,861 and arable land at EUR…