In March, consumer prices added 0.7% over the previous month, which was slightly above the 0.6% increase observed in February. According to Statistics Estonia, the increase was mainly influenced by more expensive airplane tickets as well as higher prices for alcoholic beverages and tobacco. Despite the monthly increase, annual headline inflation edged down from 3.7% in February to 3.5% in March. Meanwhile, February's annual HICP inflation (based on the harmonized index of consumer prices), the latest month for which data are available, rose to 4.0% from 3.7% in January. Annual average HICP inflation remained unchanged at 4.1% in February. The Central Bank expects HICP inflation to average 3.6% in 2013 and 2.4% in 2014. FocusEconomics Consensus Forecast panellists expect harmonized inflation to average 3.2% this year, which is down 0.3 percentage points from last month's forecast. Next year, the panel expects average inflation to moderate to 2.9%.
Inflation slows in March
April 5, 2013
Looking for forecasts related to Inflation in Estonia? Download a sample report now.
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).