Estonia Inflation April 2019

Estonia

Estonia: Inflation jumps to year-to-date high in April

May 10, 2019

Consumer prices rose 1.3% from the previous month in April, accelerating markedly from March’s 0.3% uptick and marking the strongest monthly increase in over two years. A breakdown of the sub-components provided by Statistics Estonia showed that 10 of the total 12 saw a rise in prices, led by transport, and clothing and footwear, which more than offset marginally lower prices for communications.

Inflation jumped from 2.3% in March to 3.2% in April, marking the highest reading since December 2018. Meanwhile, annual average inflation ticked up from 3.2% in March to 3.3% in April. Lastly, harmonized inflation also rose to 3.2% in April, from 2.3% in the previous month.

FocusEconomics panelists project harmonized inflation to average 2.7% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020 they expect inflation to average 2.6%.


Author:, Economist

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Estonia Inflation April 2019

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Estonia


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