Estonian CPI rise eases to 10.5 pct yr/yr

Inflation in Estonia eased to 10.5 percent year-on-year in September from 11.0 percent the previous month, though the monthly rate rose to 0.60 percent from 0.1 percent, the statistics office said on Tuesday.

Inflation in the small Baltic state surged during an economic boom and as energy prices jumped, but it has started slowly coming down as the economy slumped back again.

"The index (year-on-year) was mainly influenced by the price increase of food, alcoholic beverages and tobacco, higher prices of motor fuel and transport services and by the increase in the expenditures on housing," the statistics office said.

The September data was slightly higher than the forecasts in a Reuters survey of five analysts, which were for a monthly rate of 0.5 percent and an annual rate of change of 10.4 percent.

The price of goods rose 10.6 percent, including food products up 17.4 percent. The price of services rose 10.3 percent, including regulated price changes of 24.8 percent and non-regulated by 6.6 percent.

The main changes on a monthly basis were the arrival on the market of tobacco products labelled with new tax stamps, a seasonal price increase of clothing and footwear and seasonal price fall of vegetables. Motor fuel prices also fell.

Inflation has surged to double digits in all three Baltic states, being the highest in Latvia at 15.70 percent in August. Lithuania's August rate was 12.0 percent. These countries report their September inflation data on Oct. 8.

Add comment:

Subject:
Name:  
email:
Code: 

Remark:

Email not will be shown.

Tags forbidden.