Estonia’s annual consumer price inflation fell to 2.3% in June, marking the lowest rate of price growth since April 2021, according to data from Statistics Estonia.
The reading represents a significant deceleration in cost pressures for the Baltic nation, bringing headline inflation closer to the European Central Bank’s 2% target.
The slowdown in Estonia mirrors a broader disinflationary trend across the eurozone.
Headline inflation in the wider currency bloc dropped to 2.8% year-on-year in June, down from 3.2% in May, as reported by Eurostat.
Similarly, Ireland saw its annual inflation rate ease to 3.3% in June from 3.5% the previous month.
These synchronized declines suggest that the peak of post-pandemic price pressures is receding across multiple European economies.