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. source: Statistics Estonia

Inflation Rate in Estonia averaged 3.13 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 April of 2021.

Inflation Rate in Estonia is expected to be 1.40 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 1.90 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
1.10 0.60 11.44 -2.17 1999 - 2021 percent Monthly
1997=100


Calendar GMT Actual Previous Consensus TEForecast
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 0.6% 0.2% -0.1%
2021-04-08 05:00 AM Mar 1.1% 0.6% 1%
2021-05-07 05:00 AM Apr 1.1%
2021-06-07 05:00 AM May
2021-07-07 05:00 AM Jun
2021-08-06 05:00 AM Jul


News Stream
Estonia Inflation Rate Accelerates to 13-Month High
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.
2021-04-08
Estonian Inflation Rate Accelerates to 0.6% in February
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.
2021-03-05
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

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.