Estonia Inflation Rises Further in August

Figures

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Estonia's consumer price inflation continued to increase in August, largely driven by higher costs for housing, preliminary figures from Statistics Estonia (SE) showed on Wednesday.

Consumer prices increased 24.8% yearly in August, following a 22.8% rise in July. Housing costs alone grew 82.7%.

Electricity costs for homes surged 205.9% and heating prices climbed 61.7%. Gas was 244.2% expensive and solid fuel prices rose 100%.

Transport costs gained 24.3% and prices in hotels, cafes, and restaurants increased 19.2%.

Prices for food and non-alcoholic beverages rose 21.4% and those for household goods surged 15.4%.

The cost of goods increased 18.3% and that of services grew 37.6%.

On a monthly comparison basis, consumer prices rose 2.3% in August, following a 1.9% increase in the prior month.

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