3.5.2022 | Shopping
Inflation in Estonia highest in the Eurozone
Text Petri Saraste
Photo Ibrahim Boran / Unsplash
![Inflation in Estonia highest in the Eurozone](https://balticguide.ee/wp-content/uploads/2022/05/Inflation-Ibrahim-Boran-Unsplash-2-650x434.jpg)
According to Eurostat, the EU’s official statistical office, annual inflation in Estonia was 19% in March. This was the highest in the Eurozone and a record for the country. The average inflation rate in the euro area was 7.5 per cent in March.
Prices in the other Baltic countries have also risen sharply during the past year. Inflation in Lithuania was 16.6 per cent and 13.2 per cent in Latvia. Placing them second and third in the euro area.
The biggest reasons for the high rate of inflation are the rising energy (electricity, oil, and gas) and food prices. The major causes for the price rises being the pandemic and Russia’s invasion of Ukraine.
To learn more about this and similar topicsEurostat
Inflation
Inflation Estonia
Inflation Latvia
Inflation Lithuania
Price Rises
Record Inflation
Record Inflation Estonia
25.6.2024 | Shopping
5![Top sunglasses trends for summer 2024](https://balticguide.ee/wp-content/uploads/2024/06/TallinnaOptika_small-620x310.jpg)
Top sunglasses trends for summer 2024
More and more often, travellers in Estonia find themselves buying glasses. As summer approaches, sunglasses are particularly in demand. … Read more
25.6.2024 | Estonia
Ülemiste Shopping Centre expansion plans unveiled
On June 19, a public discussion was held to present the preliminary design solutions for the expansion of Ülemiste … Read more
16.6.2024 | Shopping
6![This summer’s best craft beers from Estonia](https://balticguide.ee/wp-content/uploads/2024/06/kesaolut-1-620x310.jpg)
This summer’s best craft beers from Estonia
There is a new generation of small breweries in Estonia that are not only original in the beers they … Read more
12.6.2024 | Shopping
Want to try 350 different kinds of craft beer?
This weekend, June 14-15, the popular annual Tallinn Craft Beer Weekend will take place at Kultuurikatel in Tallinn. Visitors … Read more
23.5.2024 | Shopping
Flower splendour in Haapsalu
In the idyllic western Estonian spa town of Haapsalu, flowers will take over Kastani street this Saturday, May 25. … Read more
14.5.2024 | Shopping
Türi Flower Fair invites you to celebrate the opening of the gardening season
This Friday, May 17, the annual Türi Flower Fair (Türi Lillelaat in Estonian) starts in the small central Estonian … Read more
11.5.2024 | Shopping
The fishermen of Peipsi Lake invite you to visit
Along the shore of Peipsi Lake is the area known as the Onion Route which hosts numerous events throughout … Read more
10.5.2024 | Shopping
The 2-day Plant Fair of Pärnu begins today
Today and tomorrow, May 10-11, the annual Plant Fair of Pärnu will take place in the city’s Vallikäär meadow. … Read more