Estonia's base inflation eases to 2 pct in April

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The annual base inflation in Estonia calculated on the basis of the harmonized index of consumer prices (HICP) decelerated to 2.0 percent in April, data collected by Statistics Estonia and released by Eurostat show.

In March Estonia's base inflation was 2.1 percent, in February 1.8 percent and in January 1.6 percent, the lowest figure in the last two years.

The annual base inflation in Latvia was negative again in April at minus 0.7 percent after a positive reading of 0.1 percent in March and minus 0.4 percent in February and minus 0.8 percent in January.

In Lithuania base inflation in April was unchanged from March at 1.7 percent, down from 1.9 percent in February and 2.2 percent in January.

In the eurozone base inflation moved down to 1.0 percent from 1.5 percent in March. Across the EU27 base inflation was 1.1 percent, down by 0.5 percentage points from February.

Base inflation differs from changes in the consumer price index or general price rise in that in its calculation the price changes in energy, food, alcohol and tobacco are not included. As a result, in the case of Estonia the most weighty external factors have been eliminated.

The overall price rise by the harmonized index of consumer prices was 3.4 percent in Estonia, 1.2 percent in the eurozone and 1.4 percent across the EU last month.