Estonia Inflation


Estonia: Consumer prices rise in May

June 5, 2015

Consumer prices in May increased 0.2% over the previous month, which was below April’s 0.5% rise. According to Statistics Estonia, the result was driven by an increase in the price of rent and in electricity rates. Conversely, prices for food and non-alcoholic beverages decreased compared to the previous month.

Consumer prices rebounded to a 0.1% increase in April compared to the same month of last year, which contrasted the 0.1% decrease tallied in April. Meanwhile, annual HICP inflation rose from a flat reading in March to a 0.4% increase in April (the last month for which data are available). Annual average HICP inflation in April was unchanged at March’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 May 2015

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

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