Estonia’s annual inflation rate fell to 17.6% in December 2022 from 21.3% a month earlier, pointing to the fourth straight month of slowdown. It was also the lowest print since March, with cost easing for housing (21.6% vs 46.1% in November), transport (14.7% vs 18.1%), household goods (15.9% vs 17.8%), and health (8.8% vs 9.0%). Meantime, food prices rose at a record pace (29.8% vs 28.2%), due to sugar, flour and cereals, eggs, and sauces; while cost of alcoholic beverages and tobacco went up a bit faster (7.1% vs 7.0%). Also, inflation accelerated for clothing (8.7% vs 8.1%), recreation (14.4% vs 12.8%), education (8.0% vs 7.8%), hotel, cafes (17.2% vs 16.1%), and miscellaneous (15.6% vs 15.4%). On a monthly basis, consumer prices fell 0.1%, after a 0.9% rise in November which was the steepest pace in 3 months, due to lower motor fuel prices. In 2022, consumer prices climbed 19.5%, with housing prices contributing the most to the rise as they accounted for two-fifths of the total. source: Statistics Estonia

Inflation Rate in Estonia averaged 3.89 percent from 1999 until 2022, reaching an all time high of 24.80 percent in August of 2022 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 January of 2023.

Inflation Rate in Estonia is expected to be 16.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Estonia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-07 06:00 AM Nov 21.3% 22.5% 21.7%
2023-01-06 06:00 AM Dec 17.6% 21.3% 19.1%
2023-02-07 06:00 AM Jan 17.6% 17%


Related Last Previous Unit Reference
Inflation Rate 17.60 21.30 percent Dec 2022
Inflation Rate MoM -0.10 0.90 percent Dec 2022
Consumer Price Index CPI 280.28 280.61 points Dec 2022
GDP Deflator 142.66 138.89 points Sep 2022
Producer Prices 163.31 162.75 points Dec 2022
Producer Prices Change 16.60 22.40 percent Dec 2022
Export Prices 460.81 461.49 points Dec 2022
Import Prices 199.76 202.09 points Dec 2022
Food Inflation 29.80 28.20 percent Dec 2022
CPI Transportation 244.34 252.21 points Dec 2022
CPI Housing Utilities 589.07 592.23 points Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
17.60 21.30 24.80 -2.17 1999 - 2022 percent Monthly
1997=100

News Stream
Estonia Inflation Rate Slows to 9-Month Low
Estonia’s annual inflation rate fell to 17.6% in December 2022 from 21.3% a month earlier, pointing to the fourth straight month of slowdown. It was also the lowest print since March, with cost easing for housing (21.6% vs 46.1% in November), transport (14.7% vs 18.1%), household goods (15.9% vs 17.8%), and health (8.8% vs 9.0%). Meantime, food prices rose at a record pace (29.8% vs 28.2%), due to sugar, flour and cereals, eggs, and sauces; while cost of alcoholic beverages and tobacco went up a bit faster (7.1% vs 7.0%). Also, inflation accelerated for clothing (8.7% vs 8.1%), recreation (14.4% vs 12.8%), education (8.0% vs 7.8%), hotel, cafes (17.2% vs 16.1%), and miscellaneous (15.6% vs 15.4%). On a monthly basis, consumer prices fell 0.1%, after a 0.9% rise in November which was the steepest pace in 3 months, due to lower motor fuel prices. In 2022, consumer prices climbed 19.5%, with housing prices contributing the most to the rise as they accounted for two-fifths of the total.
2023-01-06
Estonia Inflation Rate Slows to 6-Month Low
Estonia’s annual inflation rate fell to 21.3% in November 2022 from 22.5% a month earlier, pointing to the third straight month of slowdown. It was also the lowest reading since May, with food prices easing slightly after October's record pace (28.2% vs 28.9%), attributed to sugar, flour and cereals, other edible oils, eggs, and sauces. Also, cost moderated for housing (46.1% vs 51.9%), led by solid fuels, electricity, heat energy, and gas; transport (18.1% vs 20.5%); education (7.8% vs 8.5%); clothing (8.1% vs 9.7%); health (9.0% vs 9.6%); recreation & culture (12.8% vs 13.8%); education (7.8% vs 8.5%); and hotel, cafes (16.1% vs 16.6%). Meantime, inflation accelerated for alcoholic beverages and tobacco (7% vs 6.6%), household goods (17.8% vs 16.4%), and miscellaneous goods & services (15.4% vs 14.1%).
2022-12-07
Estonia Inflation Rate Eases in October
Estonia’s annual inflation rate fell to 22.5% in October 2022 from 23.7% a month earlier, pointing to the second straight month of slowdown. Cost moderated mainly for alcoholic beverages and tobacco (6.6% vs 7.0% in September); housing (51.9% vs 64.8%), led by electricity, gas, and district heating; and transport (20.5% vs 24.5%). Meantime, inflation was unchanged for education (at 8.5%), while prices accelerated for clothing (9.7% vs 9.5%), household goods (16.4% vs 15.5%), health (9.6% vs 8.7%), recreation & culture (13.8% vs 12.5%), education (8.5% vs 8.5%), hotel, cafes (16.6% vs 17.0%), and miscellaneous goods & services (14.1% vs 13.2%). Also, food prices rose at record pace again (28.9% vs 24.4%), driven by sugar, flour and cereals, other edible oils, eggs, spices, and beef. On a monthly basis, consumer prices fell by 1.1% in October, the first drop since January, after a 0.3% in in September.
2022-11-07