Estonia: Inflation jumps to over three-year high
February 7, 2017
Consumer prices rose 0.4% in January compared to the previous month, mirroring December’s reading. According to Statistics Estonia (SE), the monthly reading mainly reflected higher prices in 9 of the 12 categories of the index, of which education, alcoholic beverages and tobacco and food and non-alcoholic beverages rose the most.
In January, inflation soared from 2.2% in December to 2.7%, marking the highest reading since August 2013. Meanwhile, annual average inflation came in at 0.4% in January (December: +0.2%)
HICP inflation rose from 2.4% in December to 2.8% in January, the highest reading since August 2013. Average HICP inflation edged up from 0.8% in December to 1.0% in January, an over two-year high.