Estonia inflation accelerates further in April

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Estonia's consumer price inflation accelerated for a third month in a row in April, driven mainly by higher utility costs, data from Statistics Estonia (SE) showed on Friday.

The consumer price index (CPI) increased 18.8% year-on-year in April, following a 15.2% rise in March.

Inflation was 1.9% a year ago. Cost of goods grew 14.4% annually and that of services gained 27.8% in April.

Price changes of food and non-alcoholic beverages and the price changes of transport both accounted for nearly a fifth of the total increase, the Tallinn-based agency said.

Housing costs increased 59.7% yearly in April and prices for transport rose 24.2%. Prices for food and non-alcoholic beverages, and education grew by 14.6% and 19.8%, respectively.

On a monthly basis, consumer prices rose 3.6% in April, following a 2.7% growth in the prior month.

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