Estonia: Inflation comes in at highest level since October 2018 in May
June 7, 2021
Consumer prices increased 0.94% in May over the previous month, accelerating from April's 0.41% rise. May's result was the sharpest increase in prices since April 2019. The result was driven by rising prices for transportation. In addition, housing prices increased significantly.
Inflation came in at 3.6% in May, which was up from April’s 1.9%. May's figure marked the highest inflation rate since October 2018. The annual average variation of consumer prices was flat in May (April: -0.4%). Harmonized inflation rose to 3.1% in May, from the previous month's 1.6%.