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.