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Estonia Inflation Eases Further in May

Figures

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Estonia's consumer price inflation eased for the fourth straight month in May to the lowest level in a year, though it remained strong overall, preliminary figures from Statistics Estonia (SE) showed on Wednesday.

The consumer price index (CPI) rose 11.3% year-on-year in May, which was slower than the 13.5% gain in April.

The CPI was influenced the most by the 20.4% price increase of food and non-alcoholic beverages, which accounted for two-fifths of the total rise, Viktoria Trasanov, an analyst of SE, said.

Household goods costs grew 13.6% annually in May. Prices for miscellaneous goods and services rose 16.5%, while transport charges dropped 3%.

On a monthly basis, consumer prices showed zero percent change in March, after a 2.0% gain in April. 

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