Consumer Prices Rise: 3.5% Year on Year
Estonia’s consumer prices rose by 3.3% over the past year. Prices decreased by 0.2% compared to February. Statistics Estonia released this preliminary estimate.
In March, Estonia’s consumer price index rose by 3.5% compared to the same month last year. However, there was no change in prices from February to March. SEB analysts believe that rising fuel prices haven’t yet had a major impact. This suggests that the effects of these price increases may not be immediately felt in the economy. Statistics Estonia provided this information.
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Highlights
Estonian Inflation Rose
Consumer prices rose by 3.3% over the past year.
Fuel Prices Driven Inflation
Fuel price increases were the main reason for the rise in inflation.
Price Change Not Broad
The fuel price increase has not yet affected the whole economy.
March CPI Increase
The consumer price index rose by 3.5% compared to last year.
No Month-on-Month Change
Prices remained the same as in February this month.