Estonia: Harmonized inflation comes in at highest level since July 2023 in June
Latest reading: Harmonized inflation spiked to 5.3% in June, which was up from May’s 4.6% and marked an almost two-year high. The reading was also the highest in the Eurozone this month. Prices for food, hospitality, recreation and transport all increased at a quicker rate in June. Meanwhile, housing and utilities costs declined for the first time in five months.
Accordingly, annual average harmonized inflation rose to 4.2% in June (May: 3.9%). Moreover, consumer price inflation rose to 5.0% in June from May’s 4.5%.
Lastly, harmonized consumer prices increased 1.11% in June over the previous month, accelerating from May’s 0.15% increase.