Consumer prices in Estonia dropped 1.7% year-on-year in May 2020, after a 0.8% fall in the previous month. It was the second straight month of decline in consumer prices and the steepest since December 2009, as transport prices fell faster (-9.6% vs -6.7%), mainly due to petrol (-18% vs -12.4%) and diesel fuel (-26.8% -8.8%). Also, prices of housing fell more (-6.3% vs -4.9%) while those of clothing and footwear prices declined (-1.1%, after a flat reading in April). In addition, prices rose softer for food & non-alcoholic beverages (2.5% vs 3.1%); miscellaneous goods & services (0.4% vs 1.1%) and household goods prices (1.2% vs 1.5%). By contrast, prices of recreation and culture increased faster (4.6% vs 3.9%). On a monthly basis, consumer prices fell by 0.7 percent, after a 0.4 percent drop in April.

Inflation Rate in Estonia averaged 3.27 percent from 1999 until 2020, 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 June of 2020.

Inflation Rate in Estonia is expected to be -0.20 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 2.30 in 12 months time. In the long-term, the Estonia Inflation Rate is projected to trend around 3.20 percent in 2021 and 2.20 percent in 2022, according to our econometric models.

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Estonia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.70 -0.80 11.44 -2.17 1999 - 2020 percent Monthly
1997=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-06 06:00 AM Feb 2.0% 1.6% 1.8%
2020-04-07 05:00 AM Mar 0.9% 2.0% 1.5%
2020-05-08 05:00 AM Apr -0.8% 0.9% 0.7%
2020-06-05 05:00 AM May -1.7% -0.8% -1%
2020-07-07 05:00 AM Jun -1.7% -0.2%
2020-08-07 05:00 AM Jul
2020-09-07 05:00 AM Aug
2020-10-07 05:00 AM Sep 1.2%


News Stream
Estonian Consumer Prices Fall the Most in Over 10 Years
Consumer prices in Estonia dropped 1.7% year-on-year in May 2020, after a 0.8% fall in the previous month. It was the second straight month of decline in consumer prices and the steepest since December 2009, as transport prices fell faster (-9.6% vs -6.7% in April), mainly due to petrol (-18% vs -12.4%) and diesel fuel (-26.8% -8.8%). Also, prices of housing fell more (-6.3% vs -4.9%) while those of clothing and footwear prices declined (-1.1%, after a flat reading in April). In addition, prices rose softer for food & non-alcoholic beverages (2.5% vs 3.1%); miscellaneous goods & services (0.4% vs 1.1%) and household goods prices (1.2% vs 1.5%). By contrast, prices of recreation and culture increased faster (4.6% vs 3.9%). On a monthly basis, consumer prices fell by 0.7 percent, after a 0.4 percent drop in April.
2020-06-05
Estonian Consumer Prices Fall for 1st Time in Over 3-1/2 Years
Consumer prices in Estonia declined 0.8% year-on-year in April 2020, reversing from a 0.9% rise in the previous month. It was the first decline in consumer prices since July 2016, as transport prices fell (-6.7% vs 0.2%), mainly due to petrol (-12.4% vs 0.2%) and diesel fuel (-8.8% -2.4%). Also, prices of housing fell more (-4.9% vs -3.0%). In addition, prices rose softer for both miscellaneous goods & services (1.1% vs 1.8%) and recreation and culture (3.9% vs 5.4%), while clothing and footwear prices were unchanged (vs 2.1 %). By contrast, prices of food & non-alcoholic beverages rose 3.1% in April, after increasing 2 3% in March, mainly due to fresh fruit (21.3% vs 19.4%). Meantime, household goods prices increased faster (1.5% vs 1.3%). On a monthly basis, consumer prices fell by 0.4 percent, after a 0.7 percent drop in March.
2020-05-08
Estonia Inflation Rate Slows to Near 3-1/2 Year Low
Estonia's annual inflation rate declined to a 41-month low of 0.9% in March 2020 from the previous month’s five-month high of 2.0% in February. Prices of food & non-alcoholic beverages rose 2.3% yoy in March, the least in five months, after a 4% gain in February, mainly due to fresh fruit (19.4% vs 27%). Also, prices went up softer for transport (0.2% vs 3.4%), mainly due to petrol (0.2% vs 7.7%) and diesel fuel (-2.4% 3.7%); miscellaneous goods & services (1.8% vs 2.2%); and recreation and culture (5.4% vs 6.6%). In addition, cost of housing fell more (-3.0% vs -2.9%). On the other hand, prices increased faster for both clothing and footwear (2.1% vs 1.5 %) and household goods (1.3% vs 0.2%). On a monthly basis, consumer prices fell by 0.7 percent, after a 0.5 percent rise in February.
2020-04-07
Estonian Inflation Rate Rises to 5-Month High
Estonia's annual inflation rate tose to a five-month high of 2% in February 2020 from 1.6% in January. Prices of food & non-alcoholic beverages rose 4% yoy in February, the most in six months, after a 2.8% gain in January, mainly due to fresh fruit (27%), meat products (4.9%) and cereal products (4.5%). Also, additional price pressures came from clothing and footwear (1.5% vs -2.5 %), household goods (0.2% vs -0.3%), recreation and culture (6.6% vs 6.3%), transport (3.4% vs 6.6%), mainly due to petrol (7.7%) and diesel fuel (3.7%), and miscellaneous goods & services (2.2% vs 2.2%). In contrast, cost of housing fell (-2.9% vs 4.2%). On a monthly basis, consumer prices rose by 0.5 percent, the first rise in six months, after a 0.4 percent fall in January.
2020-03-06

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.