Estonia's annual inflation rate rose to 3.2 percent in April 2019 from 2.3 percent in the previous month. This was the highest inflation rate since December last year, as prices went up faster mainly for transport (4.0 percent vs 1.0 percent in March), led by diesel fuel (6.9%) and petrol (4.7%). Also, prices increased faster for: housing (5.3 percent vs 3.9 percent); food & non-alcoholic beverages (3.6 percent from 2.2 percent), and household goods (2.2 percent vs 1.2 percent). In addition, clothing prices rebounded (0.1 percent vs -0.9 percent). Meanwhile, inflation slowed for both recreation and culture (5.3 percent vs 5.7 percent) and miscellaneous goods & services (3.1 percent vs 3.5 percent). On a monthly basis, consumer prices went up 1.3 percent, after a 0.3 percent rise in the prior month Inflation Rate in Estonia averaged 3.37 percent from 1999 until 2019, reaching an all time high of 11.44 percent in June of 2008 and a record low of -2.17 percent in October of 2009.
Inflation Rate in Estonia is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Estonia to stand at 2.30 in 12 months time. In the long-term, the Estonia Inflation Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.