Estonia: Inflation stabilizes in July
Latest reading: Harmonized consumer prices increased 2.0% in annual terms in July, unchanged from the previous month’s reading. July’s reading was the lowest since April 2021.
Relative to the prior month’s data, there were higher price pressures for housing and utilities (+8.2% on a year-on-year basis vs +7.3% in June) and restaurants and hotels (+1.1% vs -2.3% in June). In contrast, there were reduced price pressures for food and non-alcoholic beverages (-1.6% vs -1.5% in June), transportation (+4.8% vs +7.3% in June) and recreation (-3.2% vs -0.8% in June).
Meanwhile, consumer prices rose 2.2% in annual terms in July, following a 2.3% increase in the prior month.
Finally, harmonized consumer prices increased 0.52% in July in month-on-month terms, following a 0.39% decline in the prior month.