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.
Author: Andrea Vetrugno, Economist