In June, consumer prices were flat, following on a 0.1% rise tallied in May. The result mainly reflected falling food (-0.6% month-on-month) and transport prices (-0.8% mom), which compensated for a rise in prices in the housing category (+1.2% mom), which represents the second largest component of the CPI index. Due to unchanged prices as well as the favourable base effect of June 2010, annual headline inflation edged down from the 5.3% observed in May to 4.9% in June. Despite the easing of price pressures, Estonia's annual inflation is the highest among the 17 countries of the European Monetary Union. Annual average HICP inflation (based on the harmonized index of consumer prices) inched up from 4.7% in May to 4.8% in June. For this year, the Central Bank expects HICP inflation to average 4.7%, before moderating to 2.5% in 2012.
Inflation slows in June
July 7, 2011
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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).