Estonia Inflation November 2018

Estonia

Estonia: Inflation falls in November

December 12, 2018

Consumer prices fell 0.5% from the previous month in November, contrasting October’s 0.5% increase. A breakdown of the sub-components showed that 7 of the total 12 saw a fall in prices, led by lower prices for transport which more than offset higher prices for housing.

Inflation slowed to 3.4% in November, from an over six-year high of 4.4% in October, marking the lowest reading since May. Meanwhile, annual average inflation edged down to 3.4% in the same month, from 3.5% in October. In a similar fashion, harmonized inflation fell to 3.2% in November, from 4.5% in the previous month.

FocusEconomics panelists project harmonized inflation to average 2.8% in 2019, which is unchanged from last month’s forecast. For 2020, they expect inflation to average 2.7%.


Author:, Economist

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