Estonia Inflation


Estonia: Drop in annual consumer prices stabilizes in August

September 7, 2015

Consumer prices in August fell 0.3% over the previous month, which was a more moderate decline compared to July’s 0.4% drop. According to Statistics Estonia, the result was influenced mostly by lower prices for electricity, heat, energy and fuels. In contrast, prices for alcoholic beverages rose.

Consumer prices fell 0.3% in August compared to the same month of last year, which mirrored July’s result. Meanwhile, HICP inflation fell from 0.3% in June to 0.1% in July (the most recent month for which data are available). Annual average HICP inflation tallied 0.1% in July for the fourth consecutive month.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 0.4% in 2015, which is down 0.1 percentage points from last month’s forecast. In 2016, the panel expects average inflation to accelerate to 1.7%.

Author:, Economist

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Estonia Inflation Chart

Estonia Inflation August 2015

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

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