Estonia’s annual inflation rate accelerated to a new peak of 24.8 percent in August 2022 from 22.8 percent a month earlier, with prices of food and non-alcoholic beverages rising the most since July 1996 (21.4% vs 19.7% in July), mainly driven by sugar, flour of cereals, spices, other edible oils, and eggs. Additional upward pressures also came from cost of alcohol and tobacco (6.1% vs (6.3%); clothing (8.7% vs 5.0%); housing (82.7% vs 68.2%), led by electricity, heat energy, gas, and solid fuels; household goods (15.4% vs 14.3%); health (7.5% vs 7.3%); transport (24.3% vs 28.7%); recreation & culture (11.9% vs 11.9%); education (2.6% vs 2.5%); hotels, cafes (19.2% vs 22.1%); and miscellaneous goods & services (12.5% vs 10.5%). At the same time, cost of communications fell at a softer rate (-2.5% vs -3%). On a monthly basis, consumer prices went up 2.3 percent in August, after gaining 1.9 percent in July. source: Statistics Estonia

Inflation Rate in Estonia averaged 3.65 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 September of 2022.

Inflation Rate in Estonia is expected to be 20.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia Inflation Rate is projected to trend around 3.00 percent in 2023 and 2.20 percent in 2024, according to our econometric models.

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Estonia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-05 05:00 AM Jul 22.8% 21.9% 22.6%
2022-09-07 05:00 AM Aug 24.8% 22.8% 24.9%
2022-10-07 05:00 AM Sep 24.8%


Related Last Previous Unit Reference
Inflation Rate 24.80 22.80 percent Aug 2022
Inflation Rate MoM 2.30 1.90 percent Aug 2022
Consumer Price Index CPI 280.42 274.10 points Aug 2022
GDP Deflator 138.32 131.46 points Jun 2022
Producer Prices 162.18 161.57 points Jul 2022
Producer Prices Change 28.80 33.30 percent Jul 2022
Export Prices 455.76 455.79 points Jul 2022
Import Prices 202.02 199.04 points Jul 2022
Food Inflation 21.40 19.70 percent Aug 2022
CPI Transportation 249.55 257.08 points Aug 2022
CPI Housing Utilities 683.04 623.25 points Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
24.80 22.80 24.80 -2.17 1999 - 2022 percent Monthly
1997=100

News Stream
Estonian Inflation Rate Hits Fresh Top
Estonia’s annual inflation rate accelerated to a new peak of 24.8 percent in August 2022 from 22.8 percent a month earlier, with prices of food and non-alcoholic beverages rising the most since July 1996 (21.4% vs 19.7% in July), mainly driven by sugar, flour of cereals, spices, other edible oils, and eggs. Additional upward pressures also came from cost of alcohol and tobacco (6.1% vs (6.3%); clothing (8.7% vs 5.0%); housing (82.7% vs 68.2%), led by electricity, heat energy, gas, and solid fuels; household goods (15.4% vs 14.3%); health (7.5% vs 7.3%); transport (24.3% vs 28.7%); recreation & culture (11.9% vs 11.9%); education (2.6% vs 2.5%); hotels, cafes (19.2% vs 22.1%); and miscellaneous goods & services (12.5% vs 10.5%). At the same time, cost of communications fell at a softer rate (-2.5% vs -3%). On a monthly basis, consumer prices went up 2.3 percent in August, after gaining 1.9 percent in July.
2022-09-07
Estonian Inflation Rate Hits New High
Estonia’s annual inflation rate accelerated to a new peak of 22.8 percent in July 2022 from 21.9 percent a month earlier, with prices of food and non-alcoholic beverages rising the most since August 1996 (19.7% vs 19.2% in June), mainly driven by flour of cereals, fresh fish, eggs, other oils, and pasta products. Additional upward pressures also came from cost of alcohol and tobacco (6.3% vs (6.1%); clothing (5& vs 3.3%); housing (68.2% vs 64%), led by electricity, heat energy, gas, and solid fuels; household goods (14.3% vs 13.7%); health (7.3% vs 6.4%); transport (28.7% vs 32.1%); recreation & culture (11.9% vs 10%); education (2.5% vs 2.5%); hotels, cafes (22.1% vs 19.4%); and miscellaneous goods & services (10.5% vs 8.6%). At the same time, cost of communications fell at a softer rate (-3% vs -4.7%). On a monthly basis, consumer prices were up 1.9 percent in July, after gaining 2.7 percent in June.
2022-08-05
Estonian Inflation Rate Hits Another Record High
Estonia’s annual inflation rate accelerated to a new peak of 21.9 percent in June 2022 from 20.0 percent a month earlier, with prices of food and non-alcoholic beverages rising the most since August 1996 (19.2% vs 17.0% in May), mainly driven by mainly potatoes, fresh fish, other oils, eggs, and flour of cereals. Additional upward pressures also came from cost of alcohol and tobacco (6.1% vs (5.6%); clothing (3.3% vs 5.9%; housing (64.0 vs 63.0%), led by electricity, heat energy, pipeline gas, and solid fuels; household goods (13.7% vs 11.2%); health (6.4% vs 6.1%); transport (32.1% vs 27.0%); recreation & culture (10.0% vs 8.6%); education (2.5% vs 3.1%); hotels, cafes (19.4% vs 13.3%); and miscellaneous goods & services (8.6% vs 8.6%). At the same time, cost of communications fell further (-4.7% vs -2.5%). On a monthly basis, consumer prices were up 2.7 percent in June, after gaining 1.9 percent in May.
2022-07-07