Estonian deflation slowest in over 12 months in July

Estonian deflation slowest in over 12 months in July
By bne IntelliNews August 5, 2016

Estonia's consumer price index (CPI) dropped 0.1% in annual terms in July, data from Statistics Estonia showed on August 5.

The reading prolongs a trend of deflation that has run virtually uninterrupted for 18 months, with only a brief break in May 2015. At the same time, the pace of deflation has been slowing down since May this year, and the July reading puts the CPI drop at its slowest in over 12 months. In June, prices fell 0.4%.
 
In monthly terms, consumer prices did not change in July, after expanding 0.3% the previous month. As through the past year or more, falling prices in the transport and energy and fuel sectors did the most to drive deflation. Prices in transport fell 5.1% on the year, including a 10.6% drop of petrol prices and 4.6% reduction in prices of diesel. 

In the energy sector, heat and gas prices fell by 9.5% and 15.2%, respectively, while electricity became 4.6% cheaper. Food prices grew 1.1%, while prices of clothing and footwear expanded 5.8%.

Estonian CPI is predicted to finish the year at 0.8%, according to the European Commission’s spring economic forecast. The forecast is a revision from the 1% forecast in winter, but still appears somewhat high.

Related Content

Data

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss