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Estonia inflation accelerates in May

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Estonia’s client value inflation continued to extend in May, pushed primarily by increased housing-related costs, knowledge from Tallinn-based Statistics Estonia (SE) confirmed on Tuesday.

The client value index (CPI) elevated 20.0% year-on-year in May, following an 18.8% rise in April. Cost of products grew 15.7% yearly in May and that of companies gained 28.8%.

Electricity prices for properties jumped 146.3%, warmth vitality costs surged 61.2%, pipeline fuel costs soared 217.3%, and strong fuels have been 67.3% dearer.

Housing prices elevated 63.0% yearly in May and costs for transport rose 27%. Prices for meals and non-alcoholic drinks, and accommodations, cafes, and eating places grew by 17% and 13.3%, respectively.

On a month-to-month foundation, client costs rose 1.9% in May, after a 3.6% progress within the prior month.

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