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.