Estonian Inflation Rate Falls in August

Figures

The annual inflation rate in Estonia further slowed to 4.6% in August from a near two-year low of 6.4% in the previous month, data from the Tallinn-based Statistics Estonia (SE) showed on Thursday.

It was the lowest inflation rate since June 2021, driven by a slowdown in prices of food & non-alcoholic beverages (12.9% vs 16.4% in June), household goods (7.7% vs 9.7%), communication (3.1% vs 3.4%), recreation & leisure (10.2% vs 11.1%), education (8.9% vs 9.1%), and miscellaneous goods & services (8.1% vs 10%).

At the same time, costs declined at a slower rate for transport (-1.3% vs -6.2%)

.Meanwhile, higher inflation was observed in clothing & footwear (12.1% vs 11.8%), health (11% vs 10.9%), and hotels, cafes & restaurants (5% vs 3.4%), while costs declined at a faster pace for housing (-9.5% vs -1.4%).

On a monthly basis, consumer prices increased 0.5% in August, rebounding from a 0.6% fall in the previous month.

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