Estonia Inflation January 2018

Estonia

Estonia: Inflation ticks up in January

February 22, 2018

Consumer prices rose 0.4% in January compared to the previous month, marginally up from December’s 0.4% month-on-month increase. According to Statistics Estonia, the increase was largely broad-based, with above-average increases in the prices of housing and healthcare easily offsetting a notable drop in the prices of clothing and footwear.

Inflation accelerated modestly from 3.4% in December to 3.5% in January. In turn, annual average inflation also increased slightly to 3.5% in January, from 3.4% observed in the previous month.

HICP inflation inched down from December’s 3.8% to 3.6% in January, marking the lowest reading since June 2017. Meanwhile, average HICP inflation ticked up to 3.7% in January, from 3.6% in the previous month.

Estonia Inflation Forecast


FocusEconomics Consensus Forecast panelists see harmonized inflation averaging 3.2% in 2018, which is up 0.1 percentage points from last month’s forecast. In 2019, the panel expects harmonized inflation to average 2.9%.


Author:, Economist

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Estonia Inflation Chart


Estonia Inflation January 2018

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


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