Consumer prices in Estonia decreased 1.5% year-on-year in October of 2020, the most since May, after a 1.1 percent drop in the previous month. It was the seventh consecutive month of deflation, as transport prices fell further (-9.2% vs -7.4% in September), mainly due to gasoline (-8.3% vs -7.8%) and diesel fuel (-28.3% vs -26%). Also, prices declined for housing (-3.5% vs -3.7%); hotels, cafes and restaurants (-2.5% vs -2.9%); communications (-2.1% vs -2.1%) and clothing and footwear inflation eased (-0.8% vs 1.0%). In addition, inflation eased for both recreation and culture (1.0% vs 2.3%) and miscellaneous goods & services (0.1% vs 1.2%), while household goods prices were unchanged, the same as in September. Meanwhile, food & non-alcoholic beverages inflation accelerated to 1.8% in October from a near four-year low of 1.3% in September. On a monthly basis, consumer prices dropped 0.5 percent, after a 0.3 percent fall in the prior month. source: Statistics Estonia

Inflation Rate in Estonia averaged 3.19 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. Estonia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Inflation Rate in Estonia is expected to be -1.20 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 1.50 in 12 months time. In the long-term, the Estonia Inflation Rate is projected to trend around 2.00 percent in 2021 and 2.20 percent in 2022, according to our econometric models.

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Estonia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.50 -1.10 11.44 -2.17 1999 - 2020 percent Monthly
1997=100


Calendar GMT Actual Previous Consensus TEForecast
2020-08-07 05:00 AM Jul -0.9% -1.0% -0.7%
2020-09-07 05:00 AM Aug -0.9% -0.9% -1.0%
2020-10-07 05:00 AM Sep -1.1% -0.9% -0.8%
2020-11-06 06:00 AM Oct -1.5% -1.1% -1%
2020-12-07 06:00 AM Nov -1.5% -1.3%
2021-01-08 06:00 AM Dec -1.2%
2021-02-08 06:00 AM Jan
2021-03-05 06:00 AM Feb


News Stream
Estonian Consumer Prices Drop the Most in 5 Months
Consumer prices in Estonia decreased 1.5% year-on-year in October of 2020, the most since May, after a 1.1 percent drop in the previous month. It was the seventh consecutive month of deflation, as transport prices fell further (-9.2% vs -7.4% in September), mainly due to gasoline (-8.3% vs -7.8%) and diesel fuel (-28.3% vs -26%). Also, prices declined for housing (-3.5% vs -3.7%); hotels, cafes and restaurants (-2.5% vs -2.9%); communications (-2.1% vs -2.1%) and clothing and footwear inflation eased (-0.8% vs 1.0%). In addition, inflation eased for both recreation and culture (1.0% vs 2.3%) and miscellaneous goods & services (0.1% vs 1.2%), while household goods prices were unchanged, the same as in September. Meanwhile, food & non-alcoholic beverages inflation accelerated to 1.8% in October from a near four-year low of 1.3% in September. On a monthly basis, consumer prices dropped 0.5 percent, after a 0.3 percent fall in the prior month.
2020-11-06
Estonian Consumer Prices Fall the Most in 4 Months
Consumer prices in Estonia declined 1.1% year-on-year in September of 2020, the most since May, after a 0.9 percent fall in the previous month. It was the sixth consecutive month of deflation, as transport prices fell further (-7.4% vs -6.8% in August), mainly due to petrol (-7.8% vs -6.9%) and diesel fuel (-26% -24.2%). Also, prices declined for housing (-3.7% vs -4.5%); hotels, cafes and restaurants (-2.9 percent vs -3.4 percent) and communications (-2.1% vs -1.9%). In addition, food & non-alcoholic beverages inflation dropped to a near four-year low of 1.3 percent in September from 2.3 percent in August. Also, clothing and footwear inflation eased (1.0% vs 2.4%). Meantime, prices continued to rise for both recreation and culture (2.3% vs 2.1%) and miscellaneous goods & services (1.2% vs 0.8%), while household goods prices were unchanged (vs -0.4%). On a monthly basis, consumer prices dropped 0.3 percent, after a 0.6 percent gain in August.
2020-10-07
Estonian Consumer Prices Fall for 5th Month
Consumer prices in Estonia dropped 0.9% year-on-year in August of 2020, the same pace as in the previous month. It was the fifth consecutive month of deflation, as transport prices fell further (-6.8% vs -6.1% in July), mainly due to petrol (-6.9% vs -7.7%) and diesel fuel (-24.2% -23.7%). Also, prices declined for housing (-4.5% vs -5.7%), household goods (-0.4% vs 0.1%) and hotels, cafes and restaurants (-3.4 percent vs -3.8 percent). Meantime, prices advanced softer for food & non-alcoholic beverages (2.3% vs 2.4%); recreation and culture (2.1% vs 2.9%); clothing and footwear (2.4% vs 3.2%) while miscellaneous goods & services inflation was steady (at 0.8%). On a monthly basis, consumer prices rose 0.6 percent, after a flat reading in July.
2020-09-07
Estonian Consumer Prices Drop for 4th Month
Consumer prices in Estonia declined 0.9% year-on-year in July of 2020, after a 1.0% drop in the previous month. It was the fourth consecutive month of deflation, as transport prices fell further (-6.1% vs -7.0% in June), mainly due to petrol (-7.7% vs -12.5%) and diesel fuel (-23.7% -25%). Also, prices of housing dropped (-5.7% vs -3.5%). Meantime, prices advanced softer for food & non-alcoholic beverages (2.4% vs 2.7%); household goods prices (0.1% vs 1.7%), while miscellaneous goods & services inflation was steady (at 0.8%). On the other hand, prices of recreation and culture cost rose faster (2.9% vs 2.7%), while those of clothing and footwear prices recovered (3.2% vs -1.6%).On a monthly basis, consumer prices were flat, after a 0.9 percent gain in June.
2020-08-07

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.