In May, consumer prices declined 0.1% over the previous month, which contrasted the 0.3% increase observed in April. According to Statistics Estonia, the fall was mainly influenced by declining prices of motor fuel. As a result, annual headline inflation decreased from 4.0% in April to 3.8% in May, the lowest level since December 2011. Annual HICP inflation (based on the harmonized index of consumer prices) fell from 4.7% in March to 4.3% in April, the latest month for which data are available. Annual average HICP inflation inched down from 4.9% in March to 4.8% in April. The Central Bank expects HICP inflation to average 2.8% this year and 2.9% in 2013.
Inflation continues to ease in May
June 7, 2012
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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).