Estonia Inflation April 2016


Estonia: Decline in consumer prices intensifies in April

May 6, 2016

Consumer prices recorded a flat reading over the previous month in April, which was down compared to the 0.8% increase recorded in March. The latest figures show that the deceleration was mainly influenced by cheaper petrol and diesel and lower prices for food products.

Annual consumer prices dropped 0.8%, which marked a decrease compared to March’s 0.2% fall. HICP inflation was zero in April, compared to the 0.5% recorded in March. Meanwhile, average HICP inflation came in at 0.2% in April, matching March’s reading.

The Central Bank expects harmonized inflation to average 1.5% in 2016 and 3.1% in 2017. FocusEconomics Consensus Forecast panelists forecast harmonized inflation to average 0.9% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, the panel expects average inflation to accelerate to 2.1%.

Author:, Economist

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