Estonian inflation accelerated to 4 percent in May

Estonian consumer prices rose 4 percent in May compared with the same period last year. Inflation is thus accelerating.

Inflation accelerated significantly in Estonia in May – consumer prices rose 4 percent year-on-year, according to fresh data.

The price increase in May was faster than the previous period, pointing to growing inflationary pressure in the Estonian economy. The rise in the consumer price index directly affects the purchasing power of residents and their everyday spending.