Consumer prices in Estonia declined 0.8% year-on-year in April 2020, reversing from a 0.9% rise in the previous month. It was the first decline in consumer prices since July 2016, as transport prices fell (-6.7% vs 0.2%), mainly due to petrol (-12.4% vs 0.2%) and diesel fuel (-8.8% -2.4%). Also, prices of housing fell more (-4.9% vs -3.0%). In addition, prices rose softer for both miscellaneous goods & services (1.1% vs 1.8%) and recreation and culture (3.9% vs 5.4%), while clothing and footwear prices were unchanged (vs 2.1 %). By contrast, prices of food & non-alcoholic beverages rose 3.1% in April, after increasing 2 3% in March, mainly due to fresh fruit (21.3% vs 19.4%). Meantime, household goods prices increased faster (1.5% vs 1.3%). On a monthly basis, consumer prices fell by 0.4 percent, after a 0.7 percent drop in March.
Inflation Rate in Estonia averaged 3.29 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 May of 2020.
Inflation Rate in Estonia is expected to be 2.20 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 2.10 percent in 2021, according to our econometric models.