Estonia: Drop in annual consumer prices softens in January
February 12, 2016
Consumer prices in January fell 0.1% of the previous month, which came in above December’s 0.7% decrease. According to Statistics Estonia, the fall was driven by lower prices for transportation and clothing and footwear.
Annual consumer prices declined 0.6% compared to the same month of the previous year, which was slightly above Decembers 0.9% decline. HICP inflation tallied 0.1% in January (December: -0.2% year-on-year). Meanwhile, average HICP inflation remained steady in January at the 0.1% reading tallied in December.