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Estonia Inflation February 2020

Estonia: Inflation jumps to five-month high in February

Consumer prices rose 0.5% over the previous month in February, following a 0.4% month-on-month decrease at the outset of the year and marking the first increase in six months. A breakdown by components provided by Statistics Estonia showed that higher prices for clothing and footwear, food and non-alcoholic beverages, and alcoholic beverages and tobacco led the upturn.

Inflation jumped to a five-month high of 2.0% in February, from 1.6% in January. Meanwhile, annual average inflation remained stable at a 32-month low of 2.2% in February.

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