Estonia: Consumer prices drop in December
January 8, 2016
Consumer prices in December fell 0.7% of the previous month, which came in below November’s 0.3% decrease. According to Statistics Estonia, the fall was driven by lower prices for housing, transportation and clothing and footwear.
Consumer prices declined 0.9% compared to the same month of the previous year, which was down from November’s 0.2% fall and the lowest reading since January 2015. HICP inflation swung from a 0.5% increase in November to a 0.2% drop in December. Meanwhile, annual average HICP inflation remained steady in December at the 0.1% reading tallied in November.