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Estonia's Inflation Weakens In March

4/5/2013 1:59 AM ET

Estonia's consumer price inflation weakened in March, data released by Statistics Estonia showed Friday.

Inflation as per the consumer price index dropped to 3.5 percent in March from 3.7 percent in February. Prices of commodities rose 2.4 percent annually, while costs of services advanced 5.5 percent.

The annual growth in consumer prices was influenced mainly by housing expenditures, which climbed 10.3 percent from a year earlier.

Food and non-alcoholic beverages prices advanced 5.1 percent annually, and clothing and footwear prices also recorded a similar growth. Meanwhile, transportation costs were lower by 2.8 percent than a year earlier.

On a monthly basis, the consumer price index moved up 0.7 percent in March, a tad faster than the 0.6 percent gain seen in February, data showed.

by RTT Staff Writer

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