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Estonia Inflation December 2023

Estonia: Harmonized inflation rises in December

Harmonized inflation rose to 4.3% in December, up from November’s 4.1%. The increase was primarily due to stronger price pressures for housing and utilities. Meanwhile, December saw slower growth in prices for food and non-alcoholic beverages.

The trend pointed down, with annual average harmonized inflation coming in at 9.1% in December (November: 10.2%). However, consumer price inflation was stable, coming in at November’s 4.0% in December.

Lastly, harmonized consumer prices fell 0.02% in December over the previous month, contrasting November’s 0.02% increase.

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