Friday, the Statistics Estonia announced that the consumer price index or CPI dropped 2.2% year-on-year in October, compared to the 1.6% fall in the previous month.
The consumer price index decreased for the first time by more than 2% on an annual basis, the statistical office said. Food and non-alcoholic beverages prices fell 6.6% in October, while clothing and footwear prices rose 0.9%. Transport charges were down 3.1%.
On a monthly basis, the CPI declined 0.1% in October, after falling 0.2% in September.
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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.