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.

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Estonia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.20 -0.80 11.44 -2.17 1999 - 2021 percent Monthly
1997=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-06 06:00 AM Oct -1.5% -1.1% -1%
2020-12-07 06:00 AM Nov -1.1% -1.5% -1.3%
2021-01-08 06:00 AM Dec -0.8% -1.1% -1.2%
2021-02-05 06:00 AM Jan 0.2% -0.8% -0.4%
2021-03-05 06:00 AM Feb 0.2% -0.1%
2021-04-08 05:00 AM Mar 0.3%
2021-05-07 05:00 AM Apr
2021-06-07 05:00 AM May


News Stream
Estonian Consumer Prices Rise for 1st Time in 10 Months
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.
2021-02-05
Estonian Consumer Prices Drop the Least in 4 Months
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.
2021-01-08
Estonian Consumer Prices Drop for 8th 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.
2020-12-07
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

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.