Estonia's annual inflation rate declined to 1.6 percent in January 2020 from 1.8 percent in the prior month. This was the lowest inflation rate since October last year, as prices rose softer for: food & non-alcoholic beverages (2.8 pct vs 2.9 pct in December 2019), mainly due to meat products (5 pct) and fresh fruit (14.9 pct). In addition, cost fell for both clothing and footwear (-2.5 pct vs 0.3 pct) and household goods (-0.3 pct vs 0.9 pct) while that of housing fell faster (-4.2 pct vs -2.4 pct). Meantime, prices went up more for: recreation and culture (6.3 pct vs 5.1 pct), and miscellaneous goods & services (2.2 pct vs 1.4 pct). Also, transport prices rose faster (6.6 pct vs 4.6 pct), mainly due to petrol (14,2 pct) and diesel fuel (12.3 pct). On a monthly basis, consumer prices fell by 0.4 percent in January, the fifth straight month of decrease and the biggest decline in the current sequence of month, following a 0.3 percent drop in December.

Inflation Rate in Estonia averaged 3.32 percent from 1999 until 2020, 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. This page provides - Estonia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in Estonia is expected to be 2.30 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 2.00 in 12 months time. In the long-term, the Estonia Inflation Rate is projected to trend around 2.10 percent in 2021, according to our econometric models.


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Estonia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.80 11.44 -2.17 1999 - 2020 percent Monthly
1997=100


Calendar GMT Actual Previous Consensus TEForecast
2019-11-07 06:00 AM Oct 1.6% 2.2% 2.1%
2019-12-06 06:00 AM Nov 1.8% 1.6% 1.8%
2020-01-08 06:00 AM Dec 1.8% 1.8% 2%
2020-02-07 06:00 AM Jan 1.6% 1.8% 2.3%
2020-03-06 06:00 AM Feb 1.6%
2020-04-07 05:00 AM Mar 2.2%
2020-05-08 05:00 AM Apr
2020-06-05 05:00 AM May


News Stream
Estonian Inflation Rate at 3-Month Low of 1.6%
Estonia's annual inflation rate declined to 1.6 percent in January 2020 from 1.8 percent in the prior month. This was the lowest inflation rate since October last year, as prices rose softer for: food & non-alcoholic beverages (2.8 pct vs 2.9 pct in December 2019), mainly due to meat products (5 pct) and fresh fruit (14.9 pct). In addition, cost fell for both clothing and footwear (-2.5 pct vs 0.3 pct) and household goods (-0.3 pct vs 0.9 pct) while that of housing fell faster (-4.2 pct vs -2.4 pct). Meantime, prices went up more for: recreation and culture (6.3 pct vs 5.1 pct), and miscellaneous goods & services (2.2 pct vs 1.4 pct). Also, transport prices rose faster (6.6 pct vs 4.6 pct), mainly due to petrol (14,2 pct) and diesel fuel (12.3 pct). On a monthly basis, consumer prices fell by 0.4 percent in January, the fifth straight month of decrease and the biggest decline in the current sequence of month, following a 0.3 percent drop in December.
2020-02-07
Estonian Inflation Rate Unchanged at 1.8%
Estonia's annual inflation rate was steady at 1.8 percent in December 2019, unchanged from the prior month. Main upward pressure came from food & non-alcoholic beverages (2.9 percent, the same as in the prior month), mainly due to meat products (6.2 percent) and fresh fruit (8.9 percent); clothing (0.3 percent vs 1.8 percent), household goods (0.9 percent vs 1.7 percent), recreation and culture (5.1 percent vs 7.2 percent), and miscellaneous goods & services (1.4 percent vs 3.1 percent). Also, transport prices rose faster (4.6 percent vs 0.8 percent), mainly due to petrol (10.6 percent) and diesel fuel (6 percent). In contrast, cost of housing fell (-2.4 percent vs -0.3 percent). On a monthly basis, consumer prices dropped by 0.3 percent in December, the fourth straight month of decrease and the biggest decline in the current sequence of month, following a 0.2 percent fall in November. Considering 2019 full year, the averaged inflation eased to 2.3 percent from 3.4 percent in 2018.
2020-01-08
Estonian Inflation Rate Rises to 1.8% in November
Estonia's annual inflation rate rose to 1.8 percent in November 2019 from a near three-year low of 1.6 percent the prior month. Main upward pressure came from food & non-alcoholic beverages (2.9 percent from 2.3 percent in October), mainly due to meat products (4.9 percent) and flour (5.6 percent), clothing (0.6 percent vs 1.8 percent), household goods (1.5 percent vs 1.7 percent), recreation and culture (7.3 percent vs 7.2 percent), and miscellaneous goods & services (3.1 percent vs 2.6 percent). In addition, there was a rebound in transport prices (0.8 percent vs -1.8 percent). In contrast, cost of housing fell (-0.3 percent vs 1.7 percent). On a monthly basis, consumer prices fell by 0.2 percent in November, the third straight month of decline, following a 0.1 percent drop in October.
2019-12-06
Estonian Inflation Rate Slows to 3-Year Low in October
Estonia's annual inflation rate fell to 1.6 percent in October of 2019 from 2.2 percent in the previous month. This was the lowest inflation rate since November 2016, as prices rose less for both food & non-alcoholic beverages (2.3 percent from 3.2 percent), mainly due to meat products (4.1 percent) and flour (5.3 percent), and miscellaneous goods & services (2.6 percent vs 2.8 percent). In addition, transport prices dropped by 1.8 percent, compared to a 0.7 percent gain in a month earlier. Meantime, inflation was steady for both clothing (at 1.8 percent) and household goods (at 1.7 percent), while cost rose faster for both housing (1.7 percent vs 1.1 percent) and recreation and culture (7.2 percent vs 6.9 percent). On a monthly basis, consumer prices fell by 0.1 percent in October, following a 0.2 percent drop in September.
2019-11-07

Estonia Inflation Rate
In Estonia, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.