Estonia's consumer price inflation increased for the first time in four months in March amid higher fuel costs caused by the Middle East crisis, preliminary figures from Statistics Estonia showed on Tuesday.
Consumer prices climbed 3.6 percent yearly in March, faster than the 3.1 percent rise in February.
"Diesel fuel and petrol prices have risen to record levels due to the armed conflicts in the Middle East, and this had a significant impact on the consumer price index for March," Lauri Veski, statistician at Statistics Estonia, said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.