Estonia's annual inflation rate eased to a two-year low of 2.7 percent in January 2019 from 3.4 percent in the previous month. Inflation slowed for: food (1.7 percent from 1.8 percent in December); housing (8.8 pct vs 9.2 pct); recreation and culture (5.3 pct vs 7.1 pct) while transport prices fell (-2.8 pct vs 0.5 pct). Meantime, prices increased faster for: household goods (2.1 pct vs 1.9 pct); miscellaneous goods & services (3.7 pc vs 2.9 pct), and clothing (2.6 pct vs 1.2 pct). On a monthly basis, consumer prices declined 0.2 percent, after a 0.3 percent drop in the prior month. Inflation Rate in Estonia averaged 3.40 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 2.50 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 2.20 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.