Estonia: Inflation moderates in March
April 13, 2017
Consumer prices rose 0.3% in March compared to the previous month, coming in below the 1.3% increase observed in February. According to Statistics Estonia (SE), the monthly reading mainly reflected higher prices in 5 of the 12 categories of the index, including clothing and footwear, food and non-alcoholic beverages and recreation and culture.
In March, inflation declined from February’s multi-year high of 3.4% to 2.8%. Meanwhile, annual average inflation edged up from 0.7% in February to 1.0% in March.
HICP inflation dipped from 3.4% in February to 3.0% in March. Average HICP inflation edged up from 1.3% in February to 1.5% in March, an over two-and-a-half year high.