Consumer prices in Estonia increased 0.2 percent year-on-year in January of 2021, rebounding from a 0.8 percent decline in December 2020. It was the first time increase in consumer prices since last March, mainly due to a rebound in prices of both food & non-alcoholic (0.2% vs -0.2% in December) and clothing and footwear (1.1% vs -1.4%) while housing prices rose faster (2.6% vs 0.4%) and transport prices fell much less (-4.5% vs -7.3% in December). Meanwhile, prices increased further for: recreation and culture (1.3% vs 1.4%); household goods (1.6% vs 1.0%) and miscellaneous goods & services (1.0% vs 1.5%). In addition, prices dropped less for both hotels, cafes and restaurants (-1.0% vs -1.8%) and communications (-1.7% vs -2.1%). On a monthly basis, consumer prices rose by 0.7 percent, the most since last June, after a flat reading in the prior month. source: Statistics Estonia
Inflation Rate in Estonia averaged 3.15 percent from 1999 until 2021, 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. Estonia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Inflation Rate in Estonia is expected to be 0.30 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 2.20 percent in 2022, according to our econometric models.