Estonian Inflation Eases in September

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Estonia's consumer price inflation eased further in September to the lowest level in more than two years amid a slowdown in prices in a broad number of categories, preliminary figures from Statistics Estonia (SE) showed on Friday.

The consumer price index (CPI) rose 4.2% year-on-year in September, slower than the 4.6% gain in August. Further, this was the weakest rate of inflation since June 2021, when prices had risen 3.8%.

Prices for food and non-alcoholic beverages grew 9.7% annually in September, but slower than the 12.9% increase in August.

Similarly, costs for miscellaneous goods and services climbed 6.6% versus an 8.1% surge a month ago.

At the same time, housing costs fell notably by 6.9% (vs -9.5%, and transport charges were 1.1% lower (vs -1.3%).

On a monthly basis, consumer prices remained flat in September versus a 0.5% rise in the prior month.

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