Estonia Inflation November 2019

Estonia

Estonia: Inflation edges up in November

December 6, 2019

Consumer prices fell 0.2% over the previous month in November, following a 0.1% month-on-month decrease in October. A breakdown by components provided by Statistics Estonia showed that lower prices for transport, alcoholic beverages and tobacco and clothing and footwear drove the result, more than offsetting higher prices for food and non-alcoholic beverages.

Inflation rose to 1.8% in November, from a 35-month low of 1.6% in October. Meanwhile, annual average inflation edged down to an over two-year low of 2.4% in November, (October: 2.6%).

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 November 2019

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


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