In January, consumer prices remained flat over the previous month, which came in below both the 0.5% rise tallied in December and the 0.4% increase registered in January 2010. The monthly reading showed how prices for clothing and footwear, driven lower (-3.0% month-on-month) by seasonal sales, offset higher prices for food and non-alcoholic beverages (+0.4% mom) and transportation (+0.8% mom). As a result of January's flat reading, annual inflation decreased from 5.7% in December to 5.3%. Meanwhile, annual average HICP inflation (based on the harmonised index of consumer prices) jumped from 2.1% in November to 2.7% in December (the latest month for which data is available), which was in line with the latest forecast released by the Central Bank on 20 December. For this year, the Central Bank expects HICP inflation to average 3.5% before moderating to 1.8% in 2012.
Inflation moderates in the first month after euro adoption
February 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).