As the year drew to a close, Estonia witnessed a slight uptick in its Consumer Price Index (CPI). The latest figures revealed a year-over-year CPI increase of 3.90% for December 2024, inching up from the 3.70% recorded in November 2024, according to data updated on January 8, 2025.
This marks a modest inflation rise at the end of the year, as the CPI reflects changes in the average prices that Estonian consumers pay for goods and services. The current rate illustrates an annual comparison, highlighting how December 2024 prices compare against those of December 2023. Similarly, the previous rate captures the annual change witnessed in November.
The adjustments in Estonia's CPI can reflect various factors, including shifts in energy costs, food prices, and broader economic conditions impacting consumer price dynamics. While the December increase points towards slight inflationary pressure, the overall change remains moderate as the country navigates its economic landscape into the new year.
