Industrial activity falls at sharpest pace since May 2020 in July. My Cart About Home; Markets; . Among food products, the biggest increases compared with July 2021 occurred in the prices of flour and cereals (72.3%), fresh fish (59%), eggs (56.7%), other oils (49.5%), pasta products (43.1%) and sugar (40.3%). Harmonized inflation came in at 25.2% in August, which was up from Julys 23.2%. Please do not hesitate to contact me. Money in Estonia has lost 86% of its value since 1993 Updated: October 13, 2022 100 in 1993 is equivalent in purchasing power to about 720.83 today, an increase of 620.83 over 29 years. Estonia Inflation June 2022. Producer Price Inflation MoM in Estonia increased to 1.30 percent in August from 0.40 percent in July of 2022. Also, food prices rose at record pace again (28.9% vs 24.4%), driven by sugar, flour and cereals, other edible oils, eggs, spices, and beef. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.9% in July (June: 0.4%). On a monthly basis, consumer prices went up 0.3 percent in September, the least since a drop in January, after a 2.3 percent in August. October 2022 Data - 1999-2021 Historical - November Forecast, Estonian Trade Deficit Doubles in September, Estonian Retail Sales Fall for 1st Time in 3 Months, Estonian Industrial Output Rebounds in August, Estonian Jobless Rate Falls to 5.8% in Q2, Fitch Upgrades Estonias Outlook to Positive, Bulgaria Construction Output Drops 1.3% in September, Bulgaria Industrial Output Growth Slows to 11-Month Low, Greece Industrial Output Falls in September, Bulgaria Posts Largest Trade Gap in Over 14 Years, Rwanda October Inflation Rate Hits Highest Since 1997, Bulgaria Retail Trade Growth Steady in September, Italy Industrial Activity Falls More than Expected, Slovakia Industrial Output Shrinks Less than Expected, South Africa Mining Output Falls More than Expected. Slower growth in the economy will start to rein back inflation Data from Statistics Estonia show that prices were 1.9% higher in July than a month earlier, with. Client Log In, Facebook Costco, Tuesday, May 24, 2022. TABLE 10. Research expert covering historical data. In August 2022, Estonia's year-on-year inflation was 24.8%; half of the inflation was caused by energy prices, as electricity prices were 206% higher than a year earlier, while natural gas prices were up 244%. Harmonized inflation came in at 24.1% in September, down from Augusts 25.2%. My Cart Estonias annual inflation rate accelerated to a new peak of 24.8 percent in August 2022 from 22.8 percent a month earlier, with prices of food and non-alcoholic beverages rising the most since July 1996 (21.4% vs 19.7% in July), mainly driven by sugar, flour of cereals, spices, other edible oils, and eggs. Producer Price Inflation MoM in Estonia averaged 0.52 percent from 1993 until 2022, reaching an all time high of 8.10 percent in January of 1995 and a record low of -2.30 percent in February of 2016. September 30, 2022. | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Inflation jumps to highest level in nearly 10 years in July, Estonia: Harmonized inflation moderates in September, Estonia: Industrial output rebounds in August, Estonia: Harmonized inflation comes in at highest level since our records began, Estonia: Industrial activity falls at sharpest pace since May 2020 in July, Estonia: GDP growth expands at softest pace since Q3 2020 in Q2. According to the source, the Harmonized Indices of Consumer Prices (HICP) measure changes in the prices of consumer goods and services over time. who Russia previously was reported to have run . In July, Estonia's inflation year-on-year was 22.8% and in June, 21.9%. GDP growth moderated to 0.6% year on year in the second quarter, from 4.5% in the first quarter. Inflation figures 2022 This page shows the inflation figures for 2022 for a large number of countries so that you can easily compare them with one another. Download a sample report now. At the same time, cost of communications fell much faster (-0.6% vs -2.5%). Google+, Facebook July's reading represented the highest inflation rate since September 2011. Please create an employee account to be able to mark statistics as favorites. Estonia: Harmonized inflation comes in at highest level since our records began September 7, 2022 Harmonized inflation came in at 25.2% in August, which was up from July's 23.2%. netherlands bike infrastructure Menu Toggle. Advanced users can use our Python/R/Matlab packages. The inflation rates of energy commodity prices in Estonia increased significantly in 2022. Twitter Download Historical Data. Fed's interest rate hikes may mark start of tough new economic climate. Core consumer prices in Estonia increased 12.50 percent in September of 2022 over the same month in the previous year. API users can feed a custom application. The price of the consumer basket is being pushed up by various forms of energy and fuels, and the causes of this are largely from outside Estonia. Estonia's annual inflation rate increased to 25.2 percent in August, once again seeing the fastest inflation in the euro area, according to a Eurostat flash estimate published Wednesday.On month, prices in Estonia increased 2.4 percent. Estonia's consumer prices increased in July, data from Statistics Estonia showed on Friday. "Inflation started mostly because of covid, and because covid acted as a shock in demand and supply chains.". Press Twitter Viktoria Trasanov, a leading analyst at Statistics Estonia, the countrys official statistics agency, said that, compared with July 2021, the consumer price index was affected the most by housing-related price changes, which contributed over 40% of the total rise. Chart. Estonia's consumer price inflation continued to increase in August, largely driven by higher costs for housing, preliminary figures from Statistics Estonia (SE) showed on Wednesday. Required fields are marked *. The maximum level was 221 index points and minimum was 5.84 index points. This data was released on for the reference month of October 2022. The producer price index rose 28.8 percent year-over-year in July, after a 33. . If you are an admin, please authenticate by logging in again. Industrial output collapsed 6.4% year on year in seasonally- and calendar-adjusted terms in July, which was down from June's flat result and marked the worst reading since May 2020. Still, it remains within the target range of 3.0%-5.0% over the medium term included in the Tanzania Five-Year Development Plan (FYDP III). The nation's punishing inflation rate likely kept simmering in October, . In Estonia, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. On a monthly basis, consumer prices went up 2.3 percent in August, after gaining 1.9 percent in July. Gas has seen the steepest rise, with the inflation rate standing at 238.1 percent in July 2022. The Estonian CPI shows the change in prices of a standard package of goods and services which Estonian households purchase for consumption. Direct access to our data from your apps using any programing language. These indices provide comparable measures of inflation. Electricity that reached homes was 142.9%, heat energy 62.7%, natural gas 235.4% and solid fuels 80.1% more expensive. Online Store On bright spot came with fuel, which fell in price between June and July 2022. For the current inflation in Estonia (CPI), click here. Estonia is suffering the worst inflation in the euro area, with consumer prices rising at an annual rate of nearly 22 . Read more Estonia: Industrial activity falls at sharpest pace since May 2020 in July September 2, 2022 Next Release 6/09/ 2022 Building Approvals, Australia , July 2022 ; . Annual inflation in the euro area stood at 9.1 percent, up from 8.9 percent in July and 3 percent in Harmonized inflation came in at 24.1% in September, down from Augusts 25.2%. . Estonia's producer prices continued to increase strongly in July, though the rate of increase was slower than in the previous two months, figures from Statistics Estonia (SE) showed on Monday. Google+, Facebook (ii) Annual average inflation: is the percentage change . . Industrial output collapsed 6.4% year on year in seasonally- and calendar-adjusted terms in July, which was down from June's flat result and marked the worst reading since May 2020. The Laspeyres formula is generally used. Electricity that reached homes was 15% and gas 22.5% more expensive. Accommodation services were 16.5 percent more expensive between June and July, Statistics Estonia reports, likely reflecting higher demand during holiday season. The United Kingdom is ranked 17th among 45 countries in the Europe region, and its . Get in touch with us now. Estonia inflation rate for 2020 was -0.44%, a 2.72% decline from 2019. July 22, 2022 Author: Gerard O'Dwyer Estonia is fast becoming the digital economy star of the European Union (EU). Consumer prices increased 1.09% in July over the previous month, slowing from the 1.17% increase recorded in June. Estonia's inflation bears down on pensioners By DW 20 July 2022 | 12:16 pm Estonia is considered the richest country out of the three Baltic states, and yet it has the highest inflation. Harmonized inflation came in at 25.2% in August, which was up from Julys 23.2%. Estonia's annual inflation rate accelerated to a new peak of 22.8 percent in July 2022 from 21.9 percent a month earlier, with prices of food and non-alcoholic beverages rising the most since August 1996 (19.7% vs 19.2% in June), mainly driven by flour of cereals, fresh fish, eggs, other oils, and pasta products. This page includes a chart with historical data for Estonia Producer Price Inflation MoM. Harmonized index of consumer prices (HICP) energy inflation rate in Estonia from January 2019 to August 2022, by commodity [Graph]. Estonia PPI Inflation Eases In July 08/22/2022 - 02:33:00 (RTTNews) (RTTNews) - Estonia's producer prices continued to increase strongly in July, though the rate of increase was slower than in the previous two months, figures from Statistics Estonia showed on Monday. Inflation jumps to highest level in nearly 10 years in July. At the same time, cost of communications fell at a softer rate (-2.5% vs -3%). Lastly, harmonized inflation remained the highest in the euro zone, rising to 22.0% in June from the previous month's 20.2%. , May 13, 2022. 70 About The Author Sten Hankewitz Currently, you are using a shared account. Severodonetsk has fallen as of 25 June. Looking for forecasts related to Industrial Production in Estonia? The Trading Economics Application Programming Interface (API) provides direct access to our data. Learn more about how Statista can support your business. Client Log In, Facebook Estonia inflation rate for 2019 was 2.28%, a 1.16% decline from 2018. Consumer price inflation has risen sharply in recent months, with the 12-month growth rate reaching 7.9% for the Consumer Prices Index including owner occupiers' housing costs (CPIH) in May 2022 , and 9.1% for the Consumer Prices Index (CPI) in the same month. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal, Show sources information Estonia: Inflation comes in at highest level since July 1996 in June July 7, 2022 Consumer prices rose 2.73% in June over the previous month, picking up from the 1.92% rise seen in May. In addition, mining and quarrying production contracted heavily. Tanzania Inflation in 2022 In the first quarter of 2022 (January to April), the average annual headline inflation in Tanzania was 3.8% versus 3.3% in Q1 2021. In June, the country's year-on-year inflation was 21.9%. Gasoline was 39.1% and diesel fuel 60.1% more expensive, Trasanov said in a statement. and over 1Mio. But the steady upward march of prices can be felt throughout Europe, according to estimates released. What is inflation rate in Lithuania 2022? Estonia's producer prices continued to increase strongly in July, though the rate of increase was slower than in the previous two months, figures from. Looking for forecasts related to Inflation in Estonia? The current inflation rate in Estonia is 23.65%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in September 2022. Directly accessible data for 170 industries from 50 countries GDP growth moderated to 0.6% year on year in the second quarter, from 4.5% in the first quarter. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI), stood at +7.3% in . . Statista. Flash estimate - July 2022 Euro area annual inflation up to 8.9% Euro area annual inflation is expected to be 8.9% in July 2022, up from 8.6% in June according to a flash estimate from Eurostat, the statistical office of the European Union. inflation - CPI inflation - HICP Chart - CPI inflation Estonia 2022 (yearly basis) The average inflation of Estonia in 2022: 19.30 % Table - 2022 inflation Estonia (CPI) Historic CPI inflation Estonia Current job openings: Download historical data for 20 million indicators using your browser. As of 5 December 2022, and by way of derogation from paragraphs 1 and 2, the competent authorities of Bulgaria may authorise the execution until 31 December 2024 of contracts concluded before 4 June 2022, or of ancillary contracts necessary for the execution of such contracts, for the purchase, import or transfer of seaborne crude oil and of . Latest Updates Estonia's annual inflation rate fell to 23.7 in. Home > News > The price increases of food and non-alcoholic beverages accounted for a fifth of the total increase. The producer price index rose 28.8 percent year-over-year in July, after a 33.3 percent surge in June. We have a plan for your needs. Headline inflation , as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) increased to 58.9% in June 2022 from 45.3% in May 2022 . This June inflation rate also shows that the general price levels in Nigeria rose by 1.82 percent point month-on-month when compared to the inflation figure as of May 2022 (17.71). Google+, Copyright: 2022. Compared with June, the consumer price index was also influenced the most by housing and food-related price changes. Accessed November 10, 2022. https://www.statista.com/statistics/1329213/estonia-energy-inflation-rate-by-commodity/, Eurostat. 07.07.2022 Energy contributed a half of the inflation in June Consumer prices rose 21.9% in June over the year, energy contributing a half of the total inflation. However, prices have increased 13.3 percent from January 2021 to July 2022, costing the average American household $717 last month alone. Housing costs alone grew 82.7%. Sept Yearly: 8.2% CPI This is the latest Consumer Price Index and Inflation Rate data for the United States. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in October (41.9 %, compared with 40.7 % in September), followed by food, alcohol & tobacco (13.1 %, compared with 11.8 % in . Published by D. Clark , Oct 19, 2022 As of September 2022, the inflation rate in the European Union was 10.9 percent, with prices rising fastest in Estonia, which had an inflation rate of. Estonia inflation rate for 2018 was 3.44%, a 0.02% increase from 2017. Inflation Rate in Lithuania increased by 2.9 % in September 2022 over the previous month. Then you can access your favorite statistics via the star in the header. Meanwhile, the trend pointed up, with annual average inflation coming in at 12.1% in June (May: 10.5%). To use individual functions (e.g., mark statistics as favourites, set LinkedIn Save my name, email, and website in this browser for the next time I comment. Are you interested in testing our corporate solutions? Estonia Inflation Rate MoM The Consumer Price Index in Estonia increased 0.30 percent in September of 2022 over the previous month. The largest upward contributions to the annual CPIH inflation rate in September 2022 came from housing and household services (principally from. Estonia: Harmonized inflation comes in at highest level since our records began September 7, 2022 Harmonized inflation came in at 25.2% in August, which was up from July's 23.2%. Google+, Copyright: 2022. Inflation in China Chinese inflation is one of the lowest inflation rates in the world at 2.1% as of April 2022. . LinkedIn Estonia: Inflation comes in at highest level since July 1996 in June July 7, 2022 Consumer prices rose 2.73% in June over the previous month, picking up from the 1.92% rise seen in May. Estonia's consumer price inflation increased for a sixth month in a row in July, largely driven by higher costs for housing and food, preliminary figures. Additional upward pressures also came from cost of alcohol and tobacco (6.3% vs . Looking at individual European debt to GDP ratios we see that Greece is the highest at 193%, Germany is in the middle at 69.3%, and Estonia is the lowest at 18.1%. Twitter The latest inflation was mainly due to higher prices of housing services. Read Estonian World founders appeal here and please consider becoming a supporter. The rapid rise in consumer prices is only temporary and is expected to slow in the second half of next year. (View Release Schedule for details on upcoming releases) Data Provided By 2022 Inflation Charts U.S. CPI 2022 2022-01-01 2022-09-01 280 285 290 295 300 Chart by Visualizer Looking at the main components of euro area inflation, energy is expected to have the highest annual rate . july 2022: 22.861 %: june 2022: 21.840 %: may 2022: . This statistic shows the average inflation rate in Estonia from 1997 to 2021, with projections up . Inflation in Estonia currently sits at a staggering 22.0%*, the highest in Europe. Never miss out on our latest data,analysis and industryevents. Number of LNG import terminals in Europe by country 2022, Primary energy consumption in Germany 2019-2021, by fuel, Germany: energy dependency rate 2009-2018, Primary energy consumption in Germany 1998-2021. Press Meantime, inflation was unchanged for education (at 8.5%), while prices accelerated for clothing (9.7% vs 9.5%), household goods (16.4% vs 15.5%), health (9.6% vs 8.7%), recreation & culture (13.8% vs 12.5%), education (8.5% vs 8.5%), hotel, cafes (16.6% vs 17.0%), and miscellaneous goods & services (14.1% vs 13.2%). Latest updates on the Russian economy has inflation running at 12-15% for the year. statistic alerts) please log in with your personal account. Industrial production grew 0.8% year on year in seasonally and calendar-adjusted terms in August (July: -6.5% ). Data published Monthly by Statistics. Download xlsx [84.99 KB] TABLE 11. This increase in Y-o-Y inflation was driven by the monthly increases of both Food and Non-Food categories. Use Ask Statista Research Service. In July 2022, the inflation rate for food in Estonia was at 19.7 percent. The producer price index (PPI) rose 28.8% year-on-year in July, after a 33.3% surge in June. The reading was largely due to a sharper contraction in manufacturing production: It fell at the quickest pace since February 2021. Estonia: Inflation . Trading Economics welcomes candidates from around the world. Looking at the details of the release, Julys result was mainly driven by slower price growth for transportation, and housing and utilities, as well as declining prices for entertainment. Following link provides you with an overview of current inflation by country (CPI) . Nigeria's inflation rate for June 2022, is the highest in the last 5 years as data from the NBS reveals a rate as high as this only as far back as January 2017 (18. Additional upward pressures also came from cost of alcohol and tobacco (6.1% vs (6.3%); clothing (8.7% vs 5.0%); housing (82.7% vs 68.2%), led by electricity, heat energy, gas, and solid fuels; household goods (15.4% vs 14.3%); health (7.5% vs 7.3%); transport (24.3% vs 28.7%); recreation & culture (11.9% vs 11.9%); education (2.6% vs 2.5%); hotels, cafes (19.2% vs 22.1%); and miscellaneous goods & services (12.5% vs 10.5%). Estonias annual inflation rate fell to 22.5% in October 2022 from 23.7% a month earlier, pointing to the second straight month of slowdown. Electricity costs . White label accounts can distribute our data. "Harmonized Index of Consumer Prices (Hicp) Energy Inflation Rate in Estonia from January 2019 to August 2022, by Commodity. "Harmonized index of consumer prices (HICP) energy inflation rate in Estonia from January 2019 to August 2022, by commodity." Estonia's producer prices continued to increase strongly in July, though the rate of increase was slower than in the previous two months, figures from Statistics Estonia showed on Monday. IQ Stock. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. In, Eurostat. The price changes of food and non-alcoholic beverages accounted for a fifth of the total rise in the index. Only electricity production registered growth in July. For example, the 12-month inflation rate for November 2017 is the percentage change in the CPI of November 2017 and November 2016. When we talk about the rate of inflation in Estonia, this often refers to the rate of inflation based on the consumer price index, or CPI for short. In June, the countrys year-on-year inflation was 21.9%. The Russian central bank in August revised it GDP forecast to shrink by 4-6%. LinkedIn Data published Monthly by Statistics. Read more Estonia: Industrial output growth improves in May July 4, 2022 | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Industrial activity falls at sharpest pace since May 2020 in July, Estonia: Harmonized inflation moderates in September, Estonia: Industrial output rebounds in August, Estonia: Harmonized inflation comes in at highest level since our records began, Estonia: GDP growth expands at softest pace since Q3 2020 in Q2. Meanwhile, prices of food and non-alcoholic beverages rose the most on record (24.4% vs 21.4%), mainly driven by sugar, flour of cereals, spices, other edible oils, eggs, and beef. Accommodation services were 16.5% more expensive. Even if prices stop increasing altogether, the inflation that has already occurred will cost the Average American household $8,607 over the next 12 months. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at an over one-year low of 3.8% in July, down from June's 5.0%. The euro had an average inflation rate of 7.05% per year between 1993 and today, producing a cumulative price increase of 620.83%. Eurostat. The maximum level was 53.99 % and minimum was -1.3 %. Inflation averaged below 5% this year, but in 2022 it will approach 7%. On a monthly basis, consumer prices fell by 1.1% in October, the first drop since January, after a 0.3% in in September. 2022-08-05 11:44:38 +0300 . For Ricardo Vicente, an economist at Eesti Pank specialising in inflation and climate change, there are a few reasons for this. Show publisher information (i) 12-month inflation: normally considered as inflation rate, is defined as the percentage change in the monthly consumer price index (CPI). Twitter This was largely driven by food and non-alcoholic beverages, transport and housing. Number of Dwelling Units Approved, By Greater Capital City Statistical Area - Original. To calculate cumulative rates between two different periods, you can use the Estonia Inflation Calculator. The Labor Department is expected to report consumer prices on Thursday, Nov. 10. . Aaron O'Neill. Your email address will not be published. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Sep 9, 2022, 12:15. Euro area annual inflation is expected to be 10.7 % in October 2022, up from 9.9 % in September 2022.. The Donetsk and Lugansk provinces (the Donbas): Lysychansk has fallen as of 3 July 2022. Estonia inflation rate for 2021 was 4.65%, a 5.1% increase from 2020. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.9% in July (June: 0.4%). Its pioneer approach to growth-through-innovation positions the minnow-size Baltic state among global leaders in core next-generation technologies such as cybersecurity, 6G, artificial intelligence, blockchain and cryptocurrencies.
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