Estonian Central Bank: Falling Food Prices Slowed Inflation in August
Translated from Estonian and summarized by DistantNews. Read the original for the full story.
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- Estoniaโs consumer prices rose 1.5% year on year in August, according to Statistics Estonia.
- Energy contributed most to the increase, while food prices fell 2.6%.
- Dairy prices continued to decline after falling throughout the first half of the year, Estonian central bank economist Lauri Matsulevitลก said.
Consumer prices in Estonia rose 1.5% year on year in August, according to Statistics Estonia. Energy made the biggest contribution to the increase.
Food prices moved in the opposite direction, falling 2.6%. Dairy products continued to become cheaper after their prices declined throughout the first half of the year.
Lauri Matsulevitลก, an economist at Eesti Pank, said the fall in food prices helped slow overall price growth.
About this summary
Originally published by Postimees in Estonian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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