According to data released by Statistics Estonia, in 2022, the construction price index increased by 17.8 per cent compared with the average of 2021. In the fourth quarter of 2022, the construction price index continued to rise, up by 1.9 per cent compared with the third quarter of 2022.
The construction price index expresses the change in construction expenditures, indicating the price changes of three basic inputs: labour force, building materials and building machines. The calculation of the construction price index covers four groups of buildings: detached houses, apartment buildings, industrial buildings, and office buildings.
“The rise in the construction price index in the fourth quarter of 2022 compared with the previous quarter was mainly due to the rising prices of materials, which accounted for half of the total rise. The higher cost of the labour force contributed 30 per cent and the increased cost of using building machines 20 per cent of the rise in the index,” said Ülo Paulus, a leading analyst at Statistics Estonia.
According to data released by Statistics Estonia, in 2023, the gross hourly earnings of female employees was 13.1 per … Read more
14.4.2024 | Estonia
Foreign tourists continue to find their way back to Tallinn
According to data released by Statistics Estonia, nearly 225,000 tourists stayed in accommodation establishments in the country in February … Read more
9.4.2024 | Estonia
Inflation in Estonia reduces to less than 4% in March
According to data released by Statistics Estonia, in March, the Consumer Price Index (which is the key indicator of … Read more
9.4.2024 | Estonia
Food Film Festival starts tomorrow
The annual Food Film Festival begins tomorrow. A total of 7 different documentary films will be shown throughout the … Read more
3.4.2024 | Estonia
The economic downturn is hitting shops hard
According to data released by Statistics Estonia, in February 2024, the turnover of retail trade companies in the country … Read more
29.3.2024 | Estonia
A night of MMA action in Tartu
Tomorrow evening, March 30, Tartu’s A. Le Coq Sports Hall will host MMA RAJU 15 – RELOADED, a thrilling … Read more
28.3.2024 | Estonia
What you can do in Tallinn this Easter
When you travel to Estonia during Easter you should note that Good Friday, March 29, and Easter Sunday, March … Read more
26.3.2024 | Estonia
Major roadworks in central Tallinn have recommenced
After a break for winter, construction on the new tram line to Tallinn’s harbour has begun again. Like last … Read more