Estonia’s annual inflation rate jumped to a record peak of 12.2 percent in December of 2021 from 8.8 percent in the prior month. Main upward pressure mostly came from all components: housing (43.1% vs 21.0% in November), led by electricity, central heating, and gas; transport (17.8% vs 20.3%), due to petrol, diesel fuel and vehicles; food and non-alcoholic beverages (6.1% vs 5.4% vs 2.7%); driven by potatoes, fresh fish, and fresh vegetables; alcohol and tobacco (3.1% vs (3.6%), clothing (4.3% vs 3.4%), household goods (7.7% vs 5.7%), health (3.5% vs 2.8%), recreation & culture (6.4% vs 5.7%), and miscellaneous goods & services (4.6% vs 4.4%). In addition, cost of communications fell further (-3.6% vs -1.7%). On a monthly basis, consumer prices increased by 3.1% in December, the most since February 1996, after a 1.8% gain in November. source: Statistics Estonia

Inflation Rate in Estonia averaged 3.22 percent from 1999 until 2021, reaching an all time high of 12.20 percent in December of 2021 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 2022.

Inflation Rate in Estonia is expected to be 7.50 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 2.30 percent in 2023 and 2.20 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Estonia Inflation Rate


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
12.20 8.80 12.20 -2.17 1999 - 2021 percent Monthly
1997=100

Calendar GMT Actual Previous Consensus TEForecast
2021-12-07 06:00 AM Nov 8.8% 7% 8.6%
2022-01-07 06:00 AM Dec 12.2% 8.8% 9.6%
2022-02-07 06:00 AM Jan 12.2%


Related Last Previous Unit Reference
Inflation Rate 12.20 8.80 percent Dec/21
Inflation Rate Mom 3.10 1.80 percent Dec/21
Consumer Price Index CPI 238.35 231.26 points Dec/21
GDP Deflator 121.21 117.06 points Sep/21
Producer Prices 140.07 132.96 points Dec/21
Producer Prices Change 24.70 19.10 percent Dec/21
Export Prices 386.81 384.02 points Dec/21
Import Prices 174.20 171.23 points Dec/21
Food Inflation 6.10 5.40 percent Dec/21
CPI Transportation 212.95 213.58 points Dec/21
CPI Housing Utilities 484.44 405.27 points Dec/21


News Stream
Estonia Inflation Rate Hits Record High of 12.2%
Estonia’s annual inflation rate jumped to a record peak of 12.2 percent in December of 2021 from 8.8 percent in the prior month. Main upward pressure mostly came from all components: housing (43.1% vs 21.0% in November), led by electricity, central heating, and gas; transport (17.8% vs 20.3%), due to petrol, diesel fuel and vehicles; food and non-alcoholic beverages (6.1% vs 5.4% vs 2.7%); driven by potatoes, fresh fish, and fresh vegetables; alcohol and tobacco (3.1% vs (3.6%), clothing (4.3% vs 3.4%), household goods (7.7% vs 5.7%), health (3.5% vs 2.8%), recreation & culture (6.4% vs 5.7%), and miscellaneous goods & services (4.6% vs 4.4%). In addition, cost of communications fell further (-3.6% vs -1.7%). On a monthly basis, consumer prices increased by 3.1% in December, the most since February 1996, after a 1.8% gain in November.
2022-01-07
Estonian Inflation Rate Hits 13-Year High
Estonia’s annual inflation rate rose to 8.8 percent in November of 2021 from 7.0 percent in the prior month, pointing to the highest figure since October 2008. Main upward pressure mostly came from all components: housing (21.0% vs 15.7% in October), led by electricity and gas; transport (20.3% vs 18.2%), due to petrol, diesel fuel and vehicles; food and non-alcoholic beverages (5.4% vs 2.7% in October); driven by potatoes, fresh fish and fresh vegetables; alcohol and tobacco (3.6% vs (3.4%), clothing (3.4% vs 0.6%), household goods (5.7% vs 6.3%), health (2.8% vs 2.5%), recreation & culture (5.7% vs 5.8%), and miscellaneous goods & services (4.4% vs 4.3%). In addition, cost of communications fell at a slower rate (-1.7% vs -2.1%). On a monthly basis, consumer prices increased by 1.8% in November, the most since January 2008, after a 0.2% drop in October.
2021-12-07
Estonian Inflation Rate at Near 13-Year High
Estonia’s annual inflation rate increased to 7.0% in October of 2021 from 6.6 percent in the previous month. It was the highest inflation rate since November 2008, amid a surge in transport prices (18.2 percent vs 13.0 percent in September), due to petrol (25.5%), diesel fuel (40.4%) and vehicles (12.4%). Also, prices rose faster for household goods (6.2% vs 6.0%), miscellaneous goods & services (4.3% vs 3.5%), recreation and culture (5.8% vs 5.1%), hotels, cafes and restaurants (5.3% vs 4.5%), while those of clothing and footwear rebounded (0.6% vs -1.8%). Meanwhile, prices continued to increase for both housing (15.7% vs 20.2% in September) and food and non-alcoholic beverages (2.7% vs 3.3%). On a monthly basis, consumer prices were down 0.2%, the first monthly decline in 7 months, reversing from a 1.2% gain in the prior month.
2021-11-05