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. source: Statistics Estonia
Inflation Rate in Estonia averaged 3.16 percent from 1999 until 2020, 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 January of 2021.
Inflation Rate in Estonia is expected to be 0.50 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 2.00 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.