Estonia: Inflation moderates in June
July 19, 2017
Consumer prices dropped 0.1% in June compared to the previous month, contrasting the 0.2% increase observed in May. According to Statistics Estonia (SE), the monthly reading mainly reflected lower prices in 4 of the 12 categories of the index, including alcoholic beverages and tobacco and clothing and footwear.
In June, inflation moderated from 3.3% in May to 2.9%. Meanwhile, annual average inflation edged up from 1.7% in May to 2.0% in June.
HICP inflation edged down from 3.5% in May to 3.1% in June. Average HICP inflation jumped from 1.8% in April to 2.1% in May, an almost three-year high.