Estonia: Harmonized inflation falls to over two-year low in August
Harmonized inflation came in at 4.3% in August, down from July’s 6.2%. August’s reading represented the lowest inflation rate since June 2021. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a softer pace in August, while prices for transportation dropped at a more moderate pace.
In addition, the trend pointed down, with annual average harmonized inflation coming in at 14.7% in August (July: 16.5%). Meanwhile, consumer price inflation fell to 4.6% in August, from the previous month’s 6.4%.
Finally, harmonized consumer prices rose 0.46% from the previous month in August, swinging from July’s 0.49% drop.