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.

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Estonia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.80 3.60 11.44 -2.17 1999 - 2021 percent Monthly
1997=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-08 05:00 AM Mar 1.1% 0.6% 1%
2021-05-07 05:00 AM Apr 1.9% 1.1% 1.7%
2021-06-07 05:00 AM May 3.6% 1.9% 2.8%
2021-07-07 05:00 AM Jun 3.8% 3.6% 3.1%
2021-08-06 05:00 AM Jul 3.8% 2.2%
2021-09-07 05:00 AM Aug 1.9%
2021-10-07 05:00 AM Sep
2021-11-05 06:00 AM Oct


News Stream
Estonian Inflation Rate at Over 2-1/2-Year High of 3.8%
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.
2021-07-07
Estonian Inflation Rate at Over 2-1/2 Year High
Estonia’s annual inflation rate increased to 3.6% in May of 2021, the highest level since October 2018, from 1.9% in the previous month, amid a surge in transport prices (11.1% vs 6.5% in April), due to a rise in prices of both petrol and diesel fuel (20.2%). A 24.6% jump in electricity prices also had a bigger impact on CPI. At the same time, prices rose faster for housing (6.4% vs 3.6%), food & non-alcoholic (0.7% vs 0.4%), miscellaneous goods & services (2.3% vs 1.2%), recreation and culture (3.3% vs 2.9%). In addition, prices rebounded for both household goods (1.8% vs -0.6%) and clothing and footwear (1.7% vs -3.4%), while those of hotels, cafes and restaurants were unchanged (vs -0.6%). Meanwhile, prices of communications fell less (-2.2% vs -2.8%). On a monthly basis, consumer prices were up 0.9%, accelerating from a 0.4% rise in the prior month.
2021-06-07
Estonian Inflation Rate at 14-Month High of 1.9%
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.
2021-05-07
Estonia Inflation Rate Accelerates to 13-Month High
Estonia’s annual inflation rate increased to 1.1% in March of 2021, the highest level since February 2020, from 0.6% in the previous month, amid a surge in the cost of electricity. An 18.3% jump in electricity prices contributed the most of the increase in the CPI. Also, transport prices rebounded sharply (3.4% vs -1.1% in February), due to a rise in prices of petrol (4.5%), while food & non-alcoholic increased by 0.5% (vs -0.7%), due to flour mixes (13.2%) and fresh vegetables (10.3%). At the same time, miscellaneous goods & services prices increased faster (1.6% vs 1.5%). Meanwhile, prices continued to rise for housing (1.9% vs 3.7%), recreation and culture (1.7% vs 2.9%), household goods (0.1% vs 0.5%). By contrast, prices fell further for clothing and footwear (-2.8% vs -1.9%), hotels, cafes and restaurants (-1.2% vs -1.2%) and communications (-2.7% vs -1.9%). On a monthly basis, consumer prices were down 0.2%, reversing from a 0.9% rise in the prior month.
2021-04-08

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.