Estonia: Inflation jumps to over three-and-a-half year high
March 15, 2017
Consumer prices rose 1.3% in February compared to the previous month, coming in above the 0.4% increase observed in January. According to Statistics Estonia (SE), the monthly reading mainly reflected higher prices in 8 of the 12 categories of the index, of which clothing and footwear, transport, alcoholic beverages and tobacco rose the most.
In February, inflation soared from 2.7% in January to 3.4%, marking the highest reading since August 2013. Meanwhile, annual average inflation edged up from 0.4% in January to 0.7% in February.
HICP inflation rose from 2.8% in January to 3.4% in February, the highest reading since August 2013. Average HICP inflation edged up from 1.0% in January to 1.3% in February, an over two-and-a-half year high.