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Estonia Inflation Slows Further In April

Estonia's annual inflation weakened further in April, data released by Statistics Estonia showed Wednesday.

Inflation as per the consumer price index dropped to 3.1 percent in April from 3.5 percent in March and 3.7 percent in February. The growth in prices was influenced mainly by housing expenditures, the agency said.

There was a 9.7 percent year-on-year increase in housing costs during the month. Prices of food and non-alcoholic beverages climbed 5.2 percent annually, and clothing and footwear prices advanced 5.3 percent. Meanwhile, transportation costs decreased 4.6 percent compared to April 2012.

On a monthly basis, the consumer price index edged down 0.1 percent in April, reversing the 0.7 percent gain seen a month earlier, data showed.

by RTT Staff Writer

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