Estonia: Inflation jumps to over three-year high
January 16, 2017
Consumer prices rose 0.4% in December, coming in above November’s 0.1% increase. According to Statistics Estonia (SE), the monthly reading mainly reflected higher prices in 4 of the 12 categories of the index, of which transport and food and non-alcoholic beverages rose the most.
In December, inflation soared from 1.0% in November to 2.2%, marking the highest reading since August 2013 and the fifth increase in annual consumer prices since June 2015. Meanwhile, annual inflation came in at 0.2% in December (November: -0.1%)
HICP inflation rose from 1.3% in November to 2.4% in December. Meanwhile, average HICP inflation edged up from 0.6% in November to 0.8% in December, an over two-year high.