Estonia inflation slows in January
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Estonia's consumer price inflation slowed in January despite the sharp increases in housing and transport costs, the Tallinn-based Statistics Estonia (SE) reported Monday.
Consumer price inflation eased to 11.3% from 12.2% in December. Cost of goods advanced 9% annually and that of services surged 16% from the previous year.
Housing costs advanced 31.5% and transport cost was up 17.1%. Both transport and food and non-alcoholic beverages contributed a fifth of the index rise. On a monthly basis, consumer prices edged down 0.1%, in contrast to the 3.1% rise in the previous month.
Compared to December, the consumer price index (CPI) was affected the most by price decreases of electricity and pipeline gas, a price increase of food, and the sales of clothing and footwear.
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