Estonia: Harmonized inflation declines to lowest level since April 2021 in June
Harmonized inflation fell to 2.8% in June, down from May’s 3.1%. June’s result represented the lowest inflation rate in over three years. Looking at the details of the release, price pressures for transportation, food and hospitality eased. On the flipside, housing and utilities prices fell at a more moderate pace in June compared to the previous month.
Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 4.2% in June (May: 4.7%). Meanwhile, consumer price inflation fell to 2.5% in June from the previous month’s 2.9%.
Finally, harmonized consumer prices rose 0.47% from the previous month in June, after May’s flat result fall.