Estonia Inflation October 2019

Estonia

Estonia: Inflation dives to near three-year low in October

November 8, 2019

Consumer prices fell 0.1% over the previous month in October, following a 0.2% month-on-month decrees in September. A breakdown by components provided by Statistics Estonia showed that lower the prices for hotels, cafes and restaurants, as well as food and non-alcoholic beverages, more than offset higher prices for clothing and footwear.

Inflation fell to a 35-month low of 1.6% in October, from 2.2% in September. In turn, annual average inflation edged down to 2.6% in October, from in 2.8% in September.

FocusEconomics panelists project harmonized inflation to average 2.3% in 2020, which is down 0.2 percentage points from last month’s forecast. For 2021, they expect inflation to also average 2.3%.


Author:, Economist

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Estonia Inflation October 2019

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


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