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.
Author: Robert Hill, Economist