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Estonia Consumer Prices Fall At Slower Rate In February

Estonia's consumer prices continued to fall in February, but at a slower pace than from the previous month, figures from Statistics Estonia showed Friday.

The consumer price index dropped 0.8 percent year-over-year n February, slower than January's 1.3 percent decline.

The decline in February was largely caused by cheaper motor fuel prices that tumbled 16.3 percent from the previous year.

Prices of food and non-alcoholic beverages declined 1.7 percent and transport costs fell by 7.7 percent. Meanwhile, clothing and footwear prices grew 1.8 percent.

On a monthly basis, consumer prices rose 0.6 percent in February, in contrast to a 0.4 percent decrease in the prior month.

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