Estonia Inflation


Inflation moderates to a 28-month low in December

In December, consumer prices fell 0.1% over the previous month, which followed the 0.3% decrease observed in November. According to Statistics Estonia, the decline was mainly influenced by lower prices for fuel as well as for alcoholic beverages.

As a result of the monthly decrease, annual headline inflation inched down from 3.6% in November to 3.5% in December, the lowest level seen in 28 months. In addition, annual HICP inflation (based on the harmonized index of consumer prices), edged down from 4.2% in October to 3.8% in November, the latest month for which data are available.

Annual average HICP inflation remained stable at 4.3% in November.


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Estonia Inflation Chart

Estonia Inflation December 2013

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Estonia.

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