Estonia: Inflation continues to ease in November
December 7, 2011
In November, consumer prices increased 0.1%, which contrasted the decline of the same magnitude observed in October. The result mainly reflected higher prices in the food and transport categories, which were to some extent offset by falling prices in the housing and transport categories. Annual headline inflation continued to ease, edging down from 4.4% in October to 4.2% in November, its slowest pace since September 2010. Annual HICP inflation (based on the harmonized index of consumer prices) For this year, the Central Bank expects HICP inflation to average 4.7%, before moderating to 2.5% in 2012.