Estonia inflation accelerates in May

Figures

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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.

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