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.