Estonia: Inflation inches down in May
June 14, 2019
Consumer prices rose 0.2% from the previous month in May, decelerating markedly from April’s 1.3% rise—which had marked the strongest monthly increase in over two years. A breakdown of the sub-components provided by Statistics Estonia showed that 8 of the total 12 saw a rise in prices, led by hotels, cafes and restaurants, health, and food products, which more than offset marginally lower prices for transport.
Inflation ticked down from 3.2% in April to 3.1% in May. Meanwhile, annual average inflation remained unchanged at the previous month’s 3.3% in May. Lastly, harmonized inflation inched down from 3.2% in April to 3.1% in May.
Author: Almanas Stanapedis, Economist