Estonia Inflation Rises Further in August
Image by AlexLMX/Shutterstock.com
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.