Estonia: Harmonized inflation increases in December
Latest reading: Harmonized inflation edged up to 4.1% in December from November’s 3.8%. The increase was largely driven by stronger price growth for hospitality, recreation and transport which outweighed a decline in housing and utilities costs plus softer price growth for food.
Annual average harmonized inflation remained at November’s 3.7% in December. Meanwhile, consumer price inflation rose to 3.9% in December from the previous month’s 3.7%.
Lastly, harmonized consumer prices rose 0.26% over the previous month in December, swinging from November’s 0.67% drop.