Estonia Inflation March 2019

Estonia

Estonia: Inflation edges up in March

April 15, 2019

Consumer prices rose 0.3% from the previous month in March, up slightly from February’s 0.2% increase. A breakdown of the sub-components provided by Statistics Estonia showed that 8 of the total 12 saw a rise in prices, led by transport, and recreation and culture, which more than offset lower prices for housing and household goods.

Inflation increased to 2.3% in March, from an over two-year low of 2.0% in February. Meanwhile, annual average inflation remained unchanged at the previous month’s 3.2% in March. Lastly, harmonized inflation rose from 1.9% in February to 2.3% in March.

FocusEconomics panelists project harmonized inflation to average 2.7% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020 they expect inflation to average 2.6%.


Author:, Economist

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Estonia Inflation March 2019

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


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