Estonia: Drop in annual consumer prices softens in November
December 10, 2015
Consumer prices in November dropped 0.3% over the previous month, which contrasted October’s 0.1% increase. According to Statistics Estonia, the drop was driven by lower prices for communications, housing, and non-alcoholic beverages and food.
Consumer prices fell 0.2% annually in November compared to the same month of last year, which was up from October’s 0.6% decline. HICP inflation, on the other hand, grew 0.5% in November (October: 0.0%). Annual average HICP inflation inched up to 0.1% in November from the flat reading reported in October.