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Estonia's Inflation Slows In December

Estonia's consumer price inflation weakened in December, data released by Statistics Estonia showed Tuesday.

The consumer price index increased 3.5 percent year-on-year in December, slower than the 3.6 percent rise seen in November. The growth in prices was mainly influenced by food, which gave nearly 40 percent of the total increase.

Food and non-alcoholic beverages prices advanced 5.4 percent annually, while clothing and footwear prices moved up 6.4 percent. Housing costs were higher by 6.8 percent compared to last year, and transportation costs up by 0.6 percent.

On a monthly basis, the consumer price index dropped 0.1 percent in December. In the whole of 2012, the consumer price index increased on average 3.9 percent from the previous year, the agency said.

by RTTNews Staff Writer

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