Estonia inflation jumps in March
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Estonia's consumer price inflation increased to the highest level since November 1996, driven by fuel and energy prices, data from Statistics Estonia (SE) showed on Thursday.
Consumer prices rose 15.2% yearly in March, following a 12% increase in February. The latest inflation was the highest since November 1996, when it was 16.4%.
Cost of goods increased 13.7% annually and that of services grew 18.1% from the previous year.
Electricity prices surged 72.1% annually, central heating costs jumped 27.4% and pipeline gas was 72% more expensive. Housing costs grew 35.4% annually in March and transport costs rose 25.3%.
Prices for food and non-alcoholic beverages gained 13.8% and those of education increased 14.2%. On a monthly basis, consumer prices rose 2.7% in March, following a 1.5% increase in the previous month.
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