Estonia: Consumer prices drop annually for seventh month in a row in October
November 6, 2020
Consumer prices slid 0.51% over the previous month in October, following the 0.29% decline logged in September. The fall was primarily driven by lower prices for transport, household goods and food and non-alcoholic beverages.
Consumer prices dipped 1.5% year-on-year in October, a larger drop than September’s 1.1% fall. Meanwhile, annual average inflation came in flat (September: 0.3%). Lastly, harmonized consumer prices dipped 1.7% on an annual basis in October, after they fell 1.3% in each of the three months prior.