Posts tagged as prices

Electricity prices to reach record levels in Estonia

Wednesday, September 15, 2021

Each European Union state has their own model to aid vulnerable consumers and Estonia has its subsistence benefits, the European Commissioner for Energy told in response to record-high electricity prices. “I asked my family of three people living in a three-room apartment for their electricity bill. August 2019 and August 2021. True, the price of electricity has grown. It was €2.77 in 2019 and now more than €5.50. If we…

Increasingly wealthier Estonian can handle electricity prices

Wednesday, September 15, 2021

Grid distributor Elering chairman of the board Taavi Veskimägi told that the current high electricity prices stem from the high prices of coal and natural gas and the increased CO2 quota price. There is plenty capacity to produce electricity in Europe and people worried about the climate should consider considerably higher prices, he added. “If we are speaking about the price of electricity in Europe, we must understand that not…

World crude oil prices have fallen between July and August

Thursday, August 26, 2021

World crude oil prices may have fallen slightly between July and August, but the fall is unlikely to reach retail prices at pump, partly because the US dollar’s appreciating against the euro has offset the impact of the oil price fall, one major retailer in Estonia says. Indrek Sassi, motor fuel pricing manager at Circle K, said Thursday that: “World crude oil prices have been volatile in August. The highest…

Land Board: Tallinn apartment prices up 16 percent on year

Monday, August 23, 2021

In July, the average price of apartments in Tallinn per square meter was €2,328, up 16 percent from the same month last year, the Land Board announced on Monday. The average price per square meter was €1,849 in Tartu and €1,612 in Pärnu, increases of 15 and 22 percent on the year, respectively. Data from the Land Board shows that there were 4,700 real estate transactions on the real estate…

World oil prices fell early on this week

Wednesday, August 11, 2021

ETV news show ‘Aktuaalne kaamera’ (AK) reported Tuesday night that while world oil prices fell early on this week, an almost immediate rally Tuesday demonstrates how volatile the market is, fuel sellers say. This makes price falls at filling stations of any kind – leave alone to the lows experienced in 2020 – difficult to forecast. At the time of writing, gasoline (95) costs €1.459 per liter at pump –…

The average level of consumer prices increased by 2.8%

Tuesday, August 10, 2021

The latest data published August 9 by the Central Statistical Bureau show that in July 2021, compared to July 2020, the average level of consumer prices increased by 2.8%. Compared to July 2020, in July 2021 the average level of consumer prices was mainly influenced by the rise in prices of goods and services related to transport, goods and services related to housing, food and non-alcoholic beverages, clothing and footwear, health care,…

Gas prices to consumer to see steep hike from start of September

Wednesday, July 28, 2021

The price of gas to domestic consumers is set to see a sharp hike from the beginning of September, on average rising by just over half. Monopoly supplier Eesti Gaas says the rise is the result of soaring gas prices on the world market. Management board member Margus Kaasik said: “In July of this year, the price of the world gas market reached its record level of the past decade.”…

Prices of resources and raw materials on the rise in Latvia

Monday, July 19, 2021

A significant increase in prices of resources (electricity, fuel, gas) and food raw materials (cereals, oil, sugar), as well as labor costs, is expected to result in a rise of food prices. This is also felt by food producers surveyed by Latvian Radio July 18. Several food producers surveyed by Latvian Radio acknowledged that price increase for various items – both raw materials and resources – has been felt since…

Producer prices in April up 1.6% in Latvia

Monday, May 24, 2021

Data published May 24 by the Central Statistical Bureau show that, compared to March, in April 2021 the level of producer prices in Latvian industry increased by 1.6%. The level of prices of products sold on the domestic market  increased by 1.4%, and prices of exported products – by 1.7%. Producer prices of products exported to euro area countries rose by 2.2%, prices of products exported to non-euro area countries – by 1.3%. Manufacture…

Electricity had biggest impact on consumer price index in March in Estonia

Thursday, April 8, 2021

Electricity prices were rose by 18.3 percent last month compared to March 2020, which had the biggest impact on the Estonian consumer price index. In March 2021, the consumer price index fell by 0.2 percent compared to February and rose by 1.1 percent compared to March 2020, data from Statistics Estonia shows. Goods were 0.5 percent and services 2 percent more expensive than in March last year. Viktoria Trasanov, leading…