In July, consumer prices increased 0.5%, following the flat reading observed in June. The result mainly reflected an increase in prices in food and non-alcoholic beverages (+0.7% month-on-month) as well as housing categories (+0.7% mom), the two largest components of the CPI index. Consequently, annual headline inflation reaccelerated from 4.9% in June to 5.2% in July. Annual HICP inflation (based on the harmonized index of consumer prices) edged up from 4.9% in June to 5.3% in July. As a result, Estonia's harmonized inflation remains the highest among the 17 countries of the European Monetary Union. The trend continues to point upwards, with annual average HICP inflation inching up from 4.7% in June to 4.9% in July. For this year, the Central Bank expects HICP inflation to average 4.7%, before moderating to 2.5% in 2012.
Inflation accelerates in July
August 5, 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).