Consumer prices rose 0.1% over the previous month in February, which was down from the 0.4% increase observed in January. According to Statistics Estonia, the increase reflects that higher prices for clothing and footwear, as well as for alcoholic beverages and tobacco, more than offset lower prices for housing. Annual inflation fell from 1.1% in January to 0.6% in February, which marked the lowest rate since February 2010. HICP inflation-based on the harmonized index of consumer prices-continued the downward trend that has been in place since July 2013 and dropped from 2.0% in December to 1.6% in January (the last month for which data are available). Annual average HICP inflation inched down from 3.3% in December to 3.1% in January. The Central Bank expects HICP inflation of 2.3% in 2014 and of 3.0% in 2015. FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 2.8% in 2014, which is down 0.1 percentage points from last month's forecast. In 2015, the panel expects average inflation to accelerate to 3.0%.
Inflation falls to lowest level in four years
March 7, 2014
Author: Carl Kelly, Economist
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Estonia Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Estonia.
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).