Estonia's annual inflation rate was steady at 1.8 percent in December 2019, unchanged from the prior month. Main upward pressure came from food & non-alcoholic beverages (2.9 percent, the same as in the prior month), mainly due to meat products (6.2 percent) and fresh fruit (8.9 percent); clothing (0.3 percent vs 1.8 percent), household goods (0.9 percent vs 1.7 percent), recreation and culture (5.1 percent vs 7.2 percent), and miscellaneous goods & services (1.4 percent vs 3.1 percent). Also, transport prices rose faster (4.6 percent vs 0.8 percent), mainly due to petrol (10.6 percent) and diesel fuel (6 percent). In contrast, cost of housing fell (-2.4 percent vs -0.3 percent). On a monthly basis, consumer prices dropped by 0.3 percent in December, the fourth straight month of decrease and the biggest decline in the current sequence of month, following a 0.2 percent fall in November. Considering 2019 full year, the averaged inflation eased to 2.3 percent from 3.4 percent in 2018. Inflation Rate in Estonia averaged 3.33 percent from 1999 until 2019, 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.

Inflation Rate in Estonia is expected to be 2.30 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 2020, according to our econometric models.

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Estonia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.80 11.44 -2.17 1999 - 2019 percent Monthly
1997=100



Calendar GMT Actual Previous Consensus TEForecast
2019-10-07 05:00 AM Sep 2.2% 2.4% 2.2%
2019-11-07 06:00 AM Oct 1.6% 2.2% 2.1%
2019-12-06 06:00 AM Nov 1.8% 1.6% 1.8%
2020-01-08 06:00 AM Dec 1.8% 1.8% 2%
2020-02-07 06:00 AM Jan 1.8% 2.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-12-06
Estonian Inflation Rate Rises to 1.8% in November
Estonia's annual inflation rate rose to 1.8 percent in November 2019 from a near three-year low of 1.6 percent the prior month. Main upward pressure came from food & non-alcoholic beverages (2.9 percent from 2.3 percent in October), mainly due to meat products (4.9 percent) and flour (5.6 percent), clothing (0.6 percent vs 1.8 percent), household goods (1.5 percent vs 1.7 percent), recreation and culture (7.3 percent vs 7.2 percent), and miscellaneous goods & services (3.1 percent vs 2.6 percent). In addition, there was a rebound in transport prices (0.8 percent vs -1.8 percent). In contrast, cost of housing fell (-0.3 percent vs 1.7 percent). On a monthly basis, consumer prices fell by 0.2 percent in November, the third straight month of decline, following a 0.1 percent drop in October.

2019-11-07
Estonian Inflation Rate Slows to 3-Year Low in October
Estonia's annual inflation rate fell to 1.6 percent in October of 2019 from 2.2 percent in the previous month. This was the lowest inflation rate since November 2016, as prices rose less for both food & non-alcoholic beverages (2.3 percent from 3.2 percent), mainly due to meat products (4.1 percent) and flour (5.3 percent), and miscellaneous goods & services (2.6 percent vs 2.8 percent). In addition, transport prices dropped by 1.8 percent, compared to a 0.7 percent gain in a month earlier. Meantime, inflation was steady for both clothing (at 1.8 percent) and household goods (at 1.7 percent), while cost rose faster for both housing (1.7 percent vs 1.1 percent) and recreation and culture (7.2 percent vs 6.9 percent). On a monthly basis, consumer prices fell by 0.1 percent in October, following a 0.2 percent drop in September.

2019-10-07
Estonian Inflation Rate Eases to 2.2% in September
Estonia's annual inflation rate decreased to 2.2 percent in September 2019 from 2.4 percent in the previous month. Prices rose softer for: housing (1.1 percent vs 2.1 percent in August); food & non-alcoholic beverages (3.2 percent from 4.6 percent), transport (0.7 percent vs 1.0 percent), household goods (1.7 percent vs 2.1 percent). On the other hand, prices went up faster for: miscellaneous goods & services (2.8 percent vs 2.2 percent); recreation and culture (6.9 percent vs 5.7 percent), and clothing (1.8 percent vs 0.1 percent). On a monthly basis, consumer prices dropped 0.2 percent, after a 0.7 percent gain in the prior month.

2019-09-06
Estonian Inflation Rate Rises to 2.4% in August
Estonia's annual inflation rate increased to 2.4 percent in August 2019 from 2.1 percent in the previous month. Prices rose faster for: housing (2.1 percent vs 1.2 percent in July); food & non-alcoholic beverages (4.6 percent from 4.4 percent), mainly due to a rise in vegetables prices (27 percent); recreation and culture (5.7 percent vs 5.2 percent). In addition, transport prices rebounded (1.0 percent vs -0.8 percent), due to an increase in diesel fuel prices (0.6 percent). On the other hand, prices went up softer for: household goods (2.1 percent vs 3.2 percent); miscellaneous goods & services (2.2 percent vs 3.2 percent); and clothing (0.1 percent vs 2.2 percent). On a monthly basis, consumer prices rose 0.7 percent, after a 0.1 percent fall in the prior month.

2019-08-07
Estonian Inflation Rate at 5-Month Low of 2,1%
Estonia's annual inflation rate decreased to 2.1 percent in July 2019 from 2.4 percent in the previous month. This was the lowest inflation rate since February, as inflation slowed for both housing (1.2 percent vs 2.9 percent in June) and recreation and culture (5.2 percent vs 6.0 percent). In addition, transport prices fell more than a month earlier (-0.8 percent vs -0.2 percent), due to a drop in petrol prices (-1.7 percent) and diesel (-0.2 percent). On the other hand, prices increased faster for: food & non-alcoholic beverages (4.4 percent from 3.1 percent); household goods (3.2 percent vs 1.7 percent); miscellaneous goods & services (3.2 percent vs 2.5 percent); and clothing (2.2 percent vs 0.8 percent). On a monthly basis, consumer prices edged down 0.1 percent, after a 0.2 percent rise in the prior month. This was the first monthly decline in consumer prices since January.

2019-07-05
Estonian Inflation Rate Eases to 3-Month Low of 2.4%
Estonia's annual inflation rate declined to 2.4 percent in June 2019 from 3.1 percent in the previous month. This was the lowest inflation rate since March, as inflation slowed for housing (2.9 percent vs 5.9 percent in May); food & non-alcoholic beverages (3.1 percent from 3.3 percent), and household goods (1.7 percent vs 3.0 percent). In addition, transport prices fell (-0.2 percent vs 2.6 percent), due to a drop in petrol prices (-1 percent from 4.4 percent). On the other hand, prices increased faster for both miscellaneous goods & services (2.5 percent vs 2.0 percent) and recreation and culture (6.0 percent vs 5.7 percent) while clothing prices rebounded (0.8 percent vs -0.8 percent). On a monthly basis, consumer prices went up 0.2 percent, the same pace as in the prior month.


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.

Estonia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.80 1.80 11.44 -2.17 percent [+]
Inflation Rate Mom -0.30 -0.20 73.78 -0.80 percent [+]
Consumer Price Index CPI 214.30 214.90 215.94 5.84 points [+]
Harmonised Consumer Prices 110.59 110.95 111.87 42.87 points [+]
Core Consumer Prices 107.97 108.51 109.43 58.71 points [+]
Core Inflation Rate 2.30 2.90 7.80 -1.50 percent [+]
GDP Deflator 114.83 114.22 114.83 28.77 points [+]
Producer Prices 111.59 112.59 114.83 26.98 points [+]
Producer Prices Change -1.20 -0.90 40.44 -3.10 percent [+]
Export Prices 332.71 332.76 343.61 106.14 points [+]
Import Prices 145.89 145.96 151.73 98.45 points [+]
Cpi Housing Utilities 337.20 344.49 349.94 32.80 points [+]
CPI Transportation 194.89 191.54 209.58 43.00 points [+]
Food Inflation 2.90 2.90 22.96 -6.80 percent [+]