Estonia: Decline in consumer prices eases in July
August 5, 2016
In July, consumer prices were flat over the previous month, following the 0.3% increase tallied in June. According to Statistics Estonia (SE), the monthly reading mainly reflected higher prices in 6 of the 12 categories of the index which offset lower prices in the remaining six categories.
Annual consumer prices dropped 0.1% in July, which marked an improvement from the 0.4% fall recorded in June and the highest reading since May 2015.
HICP inflation was 0.8% in July, coming in above the 0.4% reading observed in June. Meanwhile, average HICP inflation inched up from 0.1% in June to 0.2% in July.