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 joint-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.