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

Estonia’s annual inflation rate increased to 1.9% in April of 2021, the highest level since February 2020, from 1.1% in the previous month, amid a jump in transport prices (6.5% vs 3.4% in March), due to a rise in prices of petrol (13.5%) and diesel fuel (1.6 percent). A 20.3% surge in electricity prices also had a bigger impact on CPI. At the same time, prices rose faster for housing (3.6% vs 1.9%), recreation and culture (2.9% vs 1.7%). Meanwhile, prices continued to increase for both food & non-alcoholic (0.4% vs 0.5%) and miscellaneous goods & services (1.2% vs 1.6%). By contrast, prices fell for household goods (-0.6% vs 0.1%), clothing and footwear (-3.4% vs -2.8%), hotels, cafes and restaurants (-0.6% vs -1.2%) and communications (-2.8% vs -2.7%). On a monthly basis, consumer prices were up 0.4%, recovering from a 0.2% decline in the prior month.

Estonia’s annual inflation rate increased to 1.1% in March of 2021, the highest level since February 2020, from 0.6% in the previous month, amid a surge in the cost of electricity. An 18.3% jump in electricity prices contributed the most of the increase in the CPI. Also, transport prices rebounded sharply (3.4% vs -1.1% in February), due to a rise in prices of petrol (4.5%), while food & non-alcoholic increased by 0.5% (vs -0.7%), due to flour mixes (13.2%) and fresh vegetables (10.3%). At the same time, miscellaneous goods & services prices increased faster (1.6% vs 1.5%). Meanwhile, prices continued to rise for housing (1.9% vs 3.7%), recreation and culture (1.7% vs 2.9%), household goods (0.1% vs 0.5%). By contrast, prices fell further for clothing and footwear (-2.8% vs -1.9%), hotels, cafes and restaurants (-1.2% vs -1.2%) and communications (-2.7% vs -1.9%). On a monthly basis, consumer prices were down 0.2%, reversing from a 0.9% rise in the prior month.

Estonia’s annual inflation rate increased to 0.6 percent in February of 2021 from 0.2 percent in the previous month. It was the second straight month of inflation, mainly due to a faster rise in prices of housing (3.7% vs 2.6% in January) while transport prices fell much less (-1.1% vs -4.5%). Also, prices rose faster for both recreation and culture (2.9% vs 1.3%) and miscellaneous goods & services (1.5% vs 1.0%).Meantime, prices of household goods continued to increase (0.5% vs 1.6%).By contrast, prices fell for food & non-alcoholic (-0.7% vs 0.2%), clothing and footwear (-1.9% vs 1.1%), hotels, cafes and restaurants (-1.2% vs -1.0%) and communications (-1.9% vs -1.7%). On a monthly basis, consumer prices were up 0.9 percent, the most since last June, after increasing by 0.7 in the prior month.

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.