Estonia: Annual consumer prices record softer fall in March
April 7, 2016
Consumer prices in March rose 0.8% over the previous month, which came in slightly above February’s 0.7% increase. The result is the highest reading since March 2012. According to Statistics Estonia, the acceleration was mainly driven by higher prices for transport as well as for food and non-alcoholic beverages.
Annual consumer prices declined 0.2%, which was above February’s 0.5% drop. HICP inflation inched up from 0.4% in February to 0.5% in March. Meanwhile, average HICP inflation came in at 0.2% in March, matching February’s reading.
Author: Andrea Vetrugno, Economist