The annual inflation rate in Estonia eased to 1.5% in August 2026, the lowest reading since March 2021, and sharply down from 2.2% in July. It also marked the first month that inflation was below the ECB’s medium-term inflation target of 2% in over five years. The main downward pressure came from a further decline in the cost of food and non-alcoholic beverages (-2.6% vs -1.6% in July), driven by lower prices of fruits and nuts, milk, dairy products, and eggs. Prices also went down for clothing and footwear (-4.6% vs -3.1%), household goods (-0.8% vs 0.1%), and recreation and culture (-3.4% vs -2.6%). In addition, housing inflation moderated to 5.5% from 8.3%. Meanwhile, costs accelerated for transport (7.2% vs 5.4%), driven by an increase in the prices of gasoline (+7.9%) and diesel fuel (+27.9%). Inflation also went up for health (3.1% vs 2.7%) and restaurants and hotels (2% vs 1.3%). On a monthly basis, consumer prices grew 0.4%, following a 0.5% rise in the previous period. source: Statistics Estonia

Inflation Rate in Estonia decreased to 1.50 percent in August from 2.20 percent in July of 2026. Inflation Rate in Estonia averaged 4.09 percent from 1999 until 2026, 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 September of 2026.

Inflation Rate in Estonia decreased to 1.50 percent in August from 2.20 percent in July of 2026. Inflation Rate in Estonia is expected to be 2.80 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 2027 and 2.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-07 05:00 AM
Inflation Rate YoY
Jul 2.2% 2.3% 2.2%
2026-09-07 05:00 AM
Inflation Rate YoY
Aug 1.5% 2.2% 1.8%
2026-10-07 05:00 AM
Inflation Rate YoY
Sep 1.5% 2.8%



Components Last Previous Unit Reference
Food Inflation -2.60 -1.60 percent Aug 2026

Related Last Previous Unit Reference
CPI 326.25 325.07 points Aug 2026
CPI Housing Utilities 667.22 658.97 points Aug 2026
CPI Transportation 291.17 285.34 points Aug 2026
Export Prices 475.63 472.75 points Aug 2026
GDP Deflator 145.11 143.25 points Jun 2026
Import Prices 208.92 204.56 points Aug 2026
Inflation Rate YoY 1.50 2.20 percent Aug 2026
Inflation Rate MoM 0.40 0.50 percent Aug 2026
Producer Prices 162.57 160.28 points Aug 2026
PPI YoY 3.30 3.50 percent Aug 2026


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
1.50 2.20 24.80 -2.17 1999 - 2026 percent Monthly
1997=100

News Stream
Estonia Inflation Rate Lowest Since 2021
The annual inflation rate in Estonia eased to 1.5% in August 2026, the lowest reading since March 2021, and sharply down from 2.2% in July. It also marked the first month that inflation was below the ECB’s medium-term inflation target of 2% in over five years. The main downward pressure came from a further decline in the cost of food and non-alcoholic beverages (-2.6% vs -1.6% in July), driven by lower prices of fruits and nuts, milk, dairy products, and eggs. Prices also went down for clothing and footwear (-4.6% vs -3.1%), household goods (-0.8% vs 0.1%), and recreation and culture (-3.4% vs -2.6%). In addition, housing inflation moderated to 5.5% from 8.3%. Meanwhile, costs accelerated for transport (7.2% vs 5.4%), driven by an increase in the prices of gasoline (+7.9%) and diesel fuel (+27.9%). Inflation also went up for health (3.1% vs 2.7%) and restaurants and hotels (2% vs 1.3%). On a monthly basis, consumer prices grew 0.4%, following a 0.5% rise in the previous period.
2026-09-07
Estonia Inflation Rate Lowest in Over 5 Years
The annual inflation rate in Estonia edged down to 2.2% in July 2026 from 2.3% in the previous month. This marked the softest rise since April 2021, driven largely by continued declines in prices for food and non-alcoholic beverages (-1.6% vs -1.5% in June) and recreation, sports and culture (-2.6% vs -0.2%). Price growth also slowed for alcoholic beverages and tobacco (6.4% vs 8.9%), health (2.7% vs 3.2%), transport (5.4% vs 7.5%), information and communication (0.4% vs 0.8%), education (4.7% vs 5.2%), and miscellaneous goods and services (3.6% vs 4.8%). Meanwhile, housing costs continued to increase (8.3% vs 7.6%), while prices rebounded for household goods (0.1% vs -0.5%) and restaurants and accommodation services (1.3% vs -2.0%). Deflation also eased in clothing and footwear (-3.1% vs -6.2%) and insurance and financial services (-4.1% vs -7.2%). On a monthly basis, consumer prices rose 0.5% in July, rebounding from a 0.5% decline in the previous period.
2026-08-07
Estonia June Inflation Lowest Since 2020
The annual inflation rate in Estonia slowed to 2.3% in June 2026 from a four-month high of 3.7% in the previous month. This marked the softest rise since April 2020, driven largely by declines in prices for food and non-alcoholic beverages (-1.5% vs 0.9% in May), clothing and footwear (-6.2% vs -3.9%), and household goods (-0.5% vs 1.5%). Costs also decreased for recreation, sport and culture (-0.2% vs 4.2%), restaurants and accommodation services (-2% vs 3.2%), and insurance and financial services (-7.2% vs -11.1%). In contrast, inflation remained elevated for housing (7.6% vs 5.4%) and transport (7.5% vs 10.4%), driven by higher electricity, natural gas, gasoline, and diesel prices. Costs also rose for alcoholic beverages and tobacco (8.9% vs 8.1%), partly due to excise duty increases and higher tobacco taxes. On a monthly basis, consumer prices fell by 0.5% in June, marking the first decline in six months and reversing a 0.4% gain in the preceding period.
2026-07-07