The annual inflation rate in Estonia eased to 11.3% in May 2023, the lowest reading since January 2022 and from 13.5% in the previous month. Prices mainly slowed for food & non-alcoholic beverages (20.4% vs 23.4% in April), clothing & footwear (11.4% vs 13.1%), housing (12.4% vs 16.6%) and household goods (13.6% vs 15%). In addition, costs declined for transport (-3% vs 0.5%), due to the reduction in motor fuel prices. On a monthly basis, the CPI stalled, following a 2% advance in April. source: Statistics Estonia

Inflation Rate in Estonia averaged 4.09 percent from 1999 until 2023, reaching an all time high of 24.80 percent in August of 2022 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 June of 2023.

Inflation Rate in Estonia is expected to be 9.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Estonia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-05-08 05:00 AM Apr 13.5% 15.3% 13.4%
2023-06-07 05:00 AM May 11.3% 13.5% 12.4%
2023-07-07 05:00 AM Jun 11.3% 9.5%


Related Last Previous Unit Reference
Inflation Rate 11.30 13.50 percent May 2023
Inflation Rate MoM 0.00 2.00 percent May 2023
Consumer Price Index CPI 291.44 291.51 points May 2023
GDP Deflator 150.26 147.11 points Mar 2023
Producer Prices 159.58 160.75 points Apr 2023
Producer Prices Change 4.20 7.90 percent Apr 2023
Export Prices 449.59 452.36 points Apr 2023
Import Prices 194.25 195.12 points Apr 2023
Food Inflation 20.40 23.40 percent May 2023
CPI Transportation 239.63 242.18 points May 2023
CPI Housing Utilities 626.18 627.92 points May 2023

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
11.30 13.50 24.80 -2.17 1999 - 2023 percent Monthly
1997=100

News Stream
Estonia Inflation Rate at 16-Month Low
The annual inflation rate in Estonia eased to 11.3% in May 2023, the lowest reading since January 2022 and from 13.5% in the previous month. Prices mainly slowed for food & non-alcoholic beverages (20.4% vs 23.4% in April), clothing & footwear (11.4% vs 13.1%), housing (12.4% vs 16.6%) and household goods (13.6% vs 15%). In addition, costs declined for transport (-3% vs 0.5%), due to the reduction in motor fuel prices. On a monthly basis, the CPI stalled, following a 2% advance in April.
2023-06-07
Estonian Inflation Rate Lowest in 14 Months
Estonia’s annual inflation rate fell to 13.5% in April 2023 from 15.3% in the previous month. This was the lowest reading since February 2022, with prices of food & non-alcoholic beverages rising the least in 8 months (23.4% vs 24.7% in March). Also, cost eased for housing (16.6% vs 27.5%), household goods (15.0% vs 16.1%), clothing & footwear (13.1% vs 13.9%), and education (7.9% vs 9%). Meanwhile, inflation accelerated for both alcoholic beverages & tobacco (9.2% vs 9.1%) and health (10.1% vs 8.8%). At the same time, transport prices increased by 0.5% after dropping 0.3% previously. On a monthly basis, consumer prices grew by 2% in April, the most in 8 months, after a 0.7% gain in March.
2023-05-08
Estonia Inflation Rate Eases to 1-Year Low
Estonia’s annual inflation rate further eased to 15.3% in March 2023 from 17.6% in the previous month. It was the lowest reading since March 2022, as prices slowed for housing (27.5% vs 32.4%), food & non-alcoholic beverages (24.7% vs 25.2% in February), and household goods (16.1% vs 16.5%). At the same time, costs declined for transport (-0.3% vs 8.9%) while remaining unchanged for health (8.8%) and education (9%). On the other hand, prices increased faster for both clothing & footwear (13.9% vs 12.3%) and alcohol & tobacco (9.1% vs 7.8%). On a monthly basis, consumer prices edged up to 0.7% in March from prior 0.6% growth.
2023-04-10