Estonian Inflation Eases in July
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Estonia's consumer price inflation eased for the sixth straight month in July, largely due to falls in transport and housing costs, preliminary figures from Tallinn-based Statistics Estonia (SE) showed on Monday.
The consumer price index (CPI) rose 6.4% year-on-year in July, after a 9.2% gain in June. The CPI was influenced the most by the 16.4% price increase for food and non-alcoholic beverages.
Clothing and footwear expenses were 8.1% more expensive compared to last year, and health costs alone grew 10.9%. At the same time, transport costs dropped 6.2% as gasolinel and diesel prices were cheaper in July.
Housing costs also dropped 1.4% over the year. On a monthly basis, consumer prices showed a decrease of 0.6% in July, reversing a 0.7% rise in the prior month. It was the first decline in seven months.
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