Fuel Prices Rise in Estonia, Prices Still Up.
Estonia’s consumer prices rose by 3.3% over the past year. Prices decreased by 0.2% since February. This is a preliminary estimate from Statistics Estonia.
The rise in prices is mainly because of higher fuel costs. Statistics Estonia reported this preliminary estimate in March. An SEB analyst thinks the increase hasn’t changed the economy much. They believe there might be a delay between fuel prices and the overall economy. This suggests the economic situation is changing.
Summarized from the sources above. Read the originals for the full story.
Highlights
Overall Inflation Increase
Consumer prices rose 3.3% over the past year in Estonia.
Monthly Price Decrease
Prices decreased by 0.2% compared to February.
Fuel Price Impact
Increased fuel prices were the main reason for the inflation rise.
Limited Economic Impact
An analyst believes the fuel price increase hasn’t hurt the economy much.
Fluctuating Economic Situation
Statistics Estonia reports a fluctuating economic situation in Estonia.