Estonia’s annual inflation rate increased to 6.6% in September of 2021 from 5 percent in the previous month. It was the highest inflation rate since December 2008, amid a surge in electricity prices (74.5 percent). A 20.2% jump in housing prices (vs 12.2% in August) also had a bigger impact on CPI, due to a faster rise in prices of pipeline gas (30.1%) and rents (10%). At the same time, transport prices rose faster (13.0% vs 10.5% in August), due to petrol (19%) and diesel (28.5%). Also, prices advanced more for food & non-alcoholic (3.3% vs 2.2%), household goods (6.0% vs 5.4%), miscellaneous goods & services (3.5% vs 3.1%) and recreation and culture (5.1% vs 4.9%). Meanwhile, prices of cafes and restaurants continued to rise (4.5% vs 7.9%). By contrast, prices fell further for clothing and footwear (-1.8% vs -1.1%), communications (-2.8% vs -2.4%). On a monthly basis, consumer prices were up 1.2%, accelerating from a 0.7% rise in the prior month. source: Statistics Estonia
Inflation Rate in Estonia averaged 3.16 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 October of 2021.
Inflation Rate in Estonia is expected to be 4.80 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 1.80 percent in 2022 and 2.20 percent in 2023, according to our econometric models.