Estonia inflation accelerates in May
Image by AlexLMX/Shutterstock.com
Estonia's consumer price inflation continued to increase in May, driven mainly by higher housing-related prices, data from Tallinn-based Statistics Estonia (SE) showed on Tuesday.
The consumer price index (CPI) increased 20.0% year-on-year in May, following an 18.8% rise in April. Cost of goods grew 15.7% annually in May and that of services gained 28.8%.
Electricity costs for homes jumped 146.3%, heat energy prices surged 61.2%, pipeline gas prices soared 217.3%, and solid fuels were 67.3% more expensive.
Housing costs increased 63.0% yearly in May and prices for transport rose 27%. Prices for food and non-alcoholic beverages, and hotels, cafes, and restaurants grew by 17% and 13.3%, respectively.
On a monthly basis, consumer prices rose 1.9% in May, after a 3.6% growth in the prior month.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.