Estonia Inflation


Estonia: Consumer prices decline again in March

April 8, 2015

Consumer prices increased 0.6% over the previous month in March, which mirrored February’s print. According to Statistics Estonia, the result mainly reflected higher prices for motor fuels, as well as for clothing and transport. Conversely, prices for housing and for household goods were lower compared to the previous month.

Consumer prices decreased 0.6% compared to the same month of last year in March, which was a less pronounced decline than the 0.8% drop tallied in the previous month. Meanwhile, annual HICP inflation rose from a 0.5% decline in January to a 0.2% decline in February (the last month for which data are available). Annual average HICP inflation ticked down from January’s 0.3% to 0.2% in February.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 0.7% in 2015, which is down 0.1 percentage points from last month’s forecast. In 2016, the panel expects average inflation to accelerate to 1.9%.

Author:, Economist

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Estonia Inflation Chart

Estonia Inflation March 2015

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Estonia

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