Estonia’s annual inflation rate increased to 1.9% in April of 2021, the highest level since February 2020, from 1.1% in the previous month, amid a jump in transport prices (6.5% vs 3.4% in March), due to a rise in prices of petrol (13.5%) and diesel fuel (1.6 percent). A 20.3% surge in electricity prices also had a bigger impact on CPI. At the same time, prices rose faster for housing (3.6% vs 1.9%), recreation and culture (2.9% vs 1.7%). Meanwhile, prices continued to increase for both food & non-alcoholic (0.4% vs 0.5%) and miscellaneous goods & services (1.2% vs 1.6%). By contrast, prices fell for household goods (-0.6% vs 0.1%), clothing and footwear (-3.4% vs -2.8%), hotels, cafes and restaurants (-0.6% vs -1.2%) and communications (-2.8% vs -2.7%). On a monthly basis, consumer prices were up 0.4%, recovering from a 0.2% decline in the prior month. source: Statistics Estonia
Inflation Rate in Estonia averaged 3.12 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 May of 2021.
Inflation Rate in Estonia is expected to be 1.40 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 1.90 in 12 months time. In the long-term, the Estonia Inflation Rate is projected to trend around 2.20 percent in 2022, according to our econometric models.