Estonia’s annual inflation rate increased to 3.8% in June of 2021, the highest since October 2018, from 3.6% in the previous month, due mainly to a faster rise in prices of housing (8.2% vs 6.4%). Also, prices increased more for recreation and culture (5.1% vs 3.3% in May), household goods (2.1% vs 1.8%), clothing and footwear (4.4% vs 1.7%), while those of hotels, cafes and restaurants rose by 2.7 percent, after a flat reading in May. Meantime, prices continued to increase for transport (10.6% vs 11.1% in May), food & non-alcoholic (0.3% vs 0.7%), miscellaneous goods & services (2.2% vs 2.3%). By contrast, prices of communications fell further (-2.3% vs -2.2%). On a monthly basis, consumer prices were up 1.2%, accelerating from a 0.9% gain in the prior month. source: Statistics Estonia
Inflation Rate in Estonia averaged 3.13 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 July of 2021.
Inflation Rate in Estonia is expected to be 2.50 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 1.60 in 12 months time. 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.