Estonian Inflation Rate Falls in August
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.
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.