Estonia Annual Inflation Increases In September

Oct 5, 2007 - Estonia's consumer prices rose at a faster pace of 7.2% year-on-year in September compared to the 5.7% increase in August, the Statistics Estonia said Friday. On a monthly basis, the consumer price index climbed 1.1% in September, larger than the 0.1% growth in August.

The annual growth was fueled mainly by rise in housing prices and higher prices in hotels, café and restaurants. The monthly increase was driven by rise in the prices of dairy products; motor fuel and recreational services and the seasonal increase clothing prices.

Almost all the commodity groups experienced price increase, except charges of communications, which declined 0.5% year-on-year in September.