Estonia’s inflation at 4.5 percent on year in January
07.02.2012, 10:14Estonian inflation accelerated for the first time in five months in January because of tariff increases for electricity, heating and higher fuel costs.
Prices were 4.5 percent higher than a year earlier and 0.7 percent higher than in December 2011, according to Statistics Estonia.
Electricity prices rose 4.4 percent last month from December, while heating costs increased 2.9 percent and gas prices jumped 10.6 percent, according to the statistics office.
Average annual inflation may slow to 3.2 percent this year from a three-year high of 5 percent last year as global price pressures ease, Swedbank AB forecast Jan. 24.
Regulated prices of goods and services were up 9.2% and non-regulated prices by 2.9% compared to January of the previous year.