Estonia: Inflation decelerates in February from the prior month
Latest reading: Harmonized consumer prices rose 3.2% in annual terms in February, following a 3.8% increase in the previous month. February’s reading was the weakest since September 2024.
Relative to the prior month’s data, in February there were milder price pressures for food and non-alcoholic beverages (+5.6% on a year-on-year basis vs +6.2% in January), housing and utilities (+1.6% vs +5.6% in January), recreation (+2.5% vs +3.6% in January) and restaurants and hotels (+4.6% vs +5.1% in January). In contrast, price pressures were higher for transportation in February (+0.3% vs -0.8% in January).
Meanwhile, consumer prices increased 3.1% in annual terms in February, following a 3.7% rise in the previous month.
Lastly, harmonized consumer prices increased 0.75% in February on a month-on-month basis, following a 0.78% rise in the previous month.