Estonia: Harmonized inflation drops to lowest level since May in November
Harmonized inflation dropped to 21.4% in November below Octobers 22.5%. November’s result represented the weakest inflation rate since May. The rebound in price pressures was primarily due to increasing prices for food and non-alcoholic beverages.
In addition, annual average harmonized inflation rose to 19.0% in November (October: 18.0%). Meanwhile, consumer price inflation fell to 21.3% in November, from the previous month’s 22.5%.
Lastly, harmonized consumer prices increased 0.89% from the previous month in November, contrasting the 1.56% fall recorded in October.