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In September the decline of inflation will continue due to the cheapening of education services and the decrease in the influence of the price rise of fuels and heat dependent on petroleum prices, the Estonian Ministry of Finance reports.
Finance Ministry: Decrease of inflation to continue in September
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The Ministry of Finance estimates a price increase of 3.2 percent in 2013 and 2.7 percent in 2014. Next year the inflation decline will be advanced by the elimination of the influence of the electricity market opening.
In August the consumer price index didn't change compared to July but increased 2.9 percent on year. The annual change of the consumer price index was last so low in August 2010 when Estonia was recovering from the economic recession.