Estonia Inflation Rate1999-2020 Data | 2021-2022 Forecast | Calendar | Historical

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.

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.

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.

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.