In December, consumer prices increased 0.5% over the previous month, which reflected a slight acceleration over the 0.3% rise tallied in November. The monthly reading reflected strong increases in the price of transport (+1.9% month-on-month) as well as for food and non-alcoholic beverages (+0.9% mom). As a result of December's price increase, annual inflation increased from 5.3% in November to 5.7%, coming in above market expectations that inflation would rise to 5.5%. Meanwhile, annual average harmonised inflation jumped from 2.1% in November to end the year at 2.7%, which was in line with the latest forecast released by the Central Bank on 20 December. For this year, the Central Bank expects harmonised annual inflation to average 3.5% before moderating to 1.8% in 2012.
Rising consumer prices see inflation average 2.7% in 2010
January 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).