Estonia Inflation Climbs in January

Figures

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Estonia's consumer price inflation accelerated for the first time in five months in January, owing largely to sharp increases in food and housing costs, preliminary figures from Statistics Estonia (SE) showed on Tuesday.

The consumer price index (CPI) rose 18.6% year-on-year in January, following a 17.6% gain in December.

Housing costs were 31.6% more expensive in January, and prices for food and non-alcoholic beverages grew 31.6%.

Transport charges showed an annual growth of 12.1%, and those for hotels, cafes, and restaurants moved up 16.5%.

On a monthly basis, consumer prices rebounded 0.8% in January, after falling slightly by 0.1% in December.

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