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.