Estonia

Estonian ministry: Annual inflation is on a downward trend

April 8, 2024

Kristjan Pungas, analyst at the fiscal policy department of the Estonian Ministry of Finance, said in his commentary on latest inflation data on Friday that a slowdown in inflation continued [..]

Estonia

Estonian fuel sellers implement significant price hike

March 26, 2024

Estonian motor fuel retailers sharply raised their prices on Monday with the price per liter of gasoline increasing by 9 cents, Postimees reports. The price for a liter of 95-octane [..]

Estonia

Luminor chief economist: Estonian prices jumped past input costs in January

February 12, 2024

Explaining the causes of the fast rise in the prices of goods and services in January, Lenno Uuskula, chief economist at Luminor, used the term “menu costs” from Keynesian economics [..]

Interviews

Retail trade 2024: hyperinflation may be over, but prices will continue to rise in Estonia – Kristjan Anderson, Selver AS

January 16, 2024

Journalist’s Ain Alvela interview with Selver AS Business Accounting Manager Kristjan Anderson. The sales volume of Estonian groceries has been on a downward trend since March 2022, turnover at current [..]

Latvia

Maxima promises not to raise prices for local fruit and vegetables from January 1, Rimi and Lidl will work on pricing programs

December 29, 2023

In response to the increase in the value-added tax (VAT) rate, retailer Maxima Latvija will “freeze” the prices of Latvian vegetables and fruit from January 1, while retailers Rimi and [..]

Latvia

Bank of Latvia leaves inflation forecast for this year at 9%

December 15, 2023

The Bank of Latvia has left its inflation forecast for 2023 at 9 percent, LETA was told at the central bank. In the following years, Latvian inflation is expected to [..]