In November, consumer prices increased 0.3% over the previous month, which came in below the 0.6% rise tallied in October. The monthly reading reflected a price spike in food and non-alcoholic beverages (+2.2% month-on-month), which was partially offset by lower prices for communication (-4.0% mom). As a result of November's price increase, annual inflation jumped from 4.7% in October to 5.3%, which is the highest level observed since December 2008. Meanwhile, harmonised annual average inflation, jumped to 1.5% in October from 1.0% in September, the last month for which data are available. The Central Bank attributed the inflation spike to rising taxes and higher global food prices and indicated that it expects upward pressures on food prices to ease going forward. Despite the severe debt woes of several Euro area member states, Estonia is poised to join the bloc as its 17th member in January 2011.
Headline inflation jumps to two-year high before adoption of Euro
December 9, 2010
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Estonia Economic News
October 14, 2016
In September, consumer prices inched up from a 0.1% month-on-month increase in August to 0.2%.
September 30, 2016
According to Statistics Estonia, industrial production expanded a working-day adjusted 1.0% over the same month last year in August, which came in below the 2.2% increase registered in July.
September 8, 2016
In the second quarter, the economy expanded a modest 0.8% over the same quarter of the previous year, according to the revised data published by Statistics Estonia (SE) on 8 September.
September 7, 2016
In August, growth in consumer prices inched up from a flat reading in July to 0.1%.
August 31, 2016
According to Statistics Estonia, industrial production expanded a working-day adjusted 2.2% over the same month last year in July, which contrasted the revised 3.6% contraction registered in June (previously reported: -4.6% year-on-year).