Estonia Inflation Rate Lowest Since 2021

2026-09-07 05:14 By Kyrie Dichosa 1 min. read

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.



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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.
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