Estonia Inflation August 2019

Estonia

Estonia: Inflation rises in August

September 6, 2019

Consumer prices rose 0.7% over the previous month in August, contrasting a 0.1% month-on-month drop in July. A breakdown by components showed that a rebound in the prices for clothing and footwear, and transport, along with faster increases in the prices for housing, and recreation and culture were behind the overall upturn.

Inflation rose to 2.4% in August from 2.1% in July. Meanwhile, annual average inflation inched down to 2.9% from 3.0% in July. Lastly, harmonized inflation creeped up to 2.1% in August from 2.0% in July.

FocusEconomics panelists project harmonized inflation to average 2.5% in 2019 and 2.6% in 2020, which is unchanged from last month’s forecast.


Author:, Economist

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Estonia Inflation August 2019

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


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