Estonia Inflation


Estonia: Consumer prices fall in June

July 7, 2015

Consumer prices in June fell 0.2% over the previous month, which contrasted May’s 0.2% increase. According to Statistics Estonia, the result was influenced the most by a drop in electricity, heat energy and fuels.

Consumer prices fell 0.1% in June compared to the same month of last year, which contrasted the 0.1% increase tallied in May. Meanwhile, annual HICP inflation rose from a 0.4% increase in April to 0.5% in May (the last month for which data are available). Annual average HICP inflation in May was unchanged at April’s 0.1% increase.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 0.6% in 2015, which is unchanged 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 June 2015

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

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