Estonia Inflation Rate1999-2021 Data | 2022-2023 Forecast | Calendar | Historical

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.

Consumer prices in Estonia declined 0.8% year-on-year in December of 2020, the least since August, after a 1.1 percent drop in the previous month. It was the ninth consecutive month of deflation, as transport prices fell further (-7.3%, the same as in November), mainly due to gasoline (-12.5% vs -9.1%) and diesel fuel (-25.7% vs -26.9%). Also, prices declined for food & non-alcoholic (- 0.2% vs 0.7%), hotels, cafes and restaurants (-1.8% vs -1.7%); communications (-2.1% vs -2.3%); clothing and footwear (-1.4% vs -1.2%). Meanwhile, prices rose further for: recreation and culture (1.4% vs 2.0%); household goods (1.0% vs 0.9%). On the other hand, prices rebounded for both housing (0.4% vs -2.8%) and miscellaneous goods & services (1.5% vs -0.4%). On a monthly basis, consumer prices were unchanged, after a 0.1% rise in the prior month.

Consumer prices in Estonia decreased 1.1% year-on-year in November of 2020, after a 1.5 percent fall in the previous month. It was the eighth consecutive month of deflation, as transport prices fell further (-7.3% vs -9.2% in October), mainly due to gasoline (-9.1% vs -8.3%) and diesel fuel (-26.9% vs -28.3%). Also, prices declined for housing (-2.8% vs -3.5%); hotels, cafes and restaurants (-1.7% vs -2.5%); communications (-2.3% vs -2.1%); clothing and footwear (-1.2% vs -0.8%) and miscellaneous goods & services (-0.4% vs 0.1%). Meanwhile, food & non-alcoholic beverages inflation slowed to a four-year low of 0.7% in November from 1.8% in October. On the other hand, prices of recreation and culture continued to increase (2.0% vs 1.0%) while household goods prices were up 0.9%, after a flat reading in October. On a monthly basis, consumer prices edged up 0.1%, after a 0.5% drop in the prior month.

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.