Estonia Inflation


Estonia: Decline in consumer prices moderates in April

May 8, 2015

Consumer prices in April increased 0.5% over the previous month, which was slightly below March’s 0.6% rise. According to Statistics Estonia, lower prices were recorded for housing and transport. Conversely, prices for food and non-alcoholic beverages increased compared to the previous month.

Consumer prices decreased 0.1% in April compared to the same month of last year, which was a less-pronounced decline than the 0.6% drop tallied in March. Meanwhile, annual HICP inflation rose from a 0.2% decline in February to zero growth in March (the last month for which data are available). Annual average HICP inflation ticked down from February’s 0.2% to 0.1% in March.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 0.6% in 2015, which is up 0.1 percentage points from last month’s forecast. In 2016, the panel expects average inflation to accelerate to 1.9%.

Author: Angela Bouzanis, Senior Economist

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Estonia Inflation Chart

Estonia Inflation April 2015

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

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