Estonia Inflation June 2019

Estonia

Estonia: Inflation dives in June

July 12, 2019

Consumer prices rose 0.2% from the previous month in May, unchanged from the previous month’s result. A breakdown of the sub-components provided by Statistics Estonia showed that 6 of the total 12 saw a rise in prices, led by hotels, cafes and restaurants, recreation and culture, and miscellaneous goods and services, which more than offset lower prices for transport and household gods.

Inflation fell to 2.4% in June, from 3.1% in May. Meanwhile, annual average inflation ticked down to a 20-month low of 3.1% in June, from previous month’s 3.3% in May. Lastly, harmonized inflation dropped from 3.1% in May to 2.6% in June.

FocusEconomics panelists project harmonized inflation to average 2.5% in 2019, which is unchanged from last month’s forecast. For 2020 they expect inflation to average 2.6%.


Author:, Economist

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Estonia Inflation June 2019

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Estonia


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