Estonia’s annual inflation rate accelerated to a new peak of 20.0 percent in May 2022 from 18.8 percent a month earlier. Main upward price pressures largely came from cost of food and non-alcoholic beverages (17.0% vs 14.6% in April), mainly potatoes, fresh fish, other oils, eggs, and flour of cereals; alcohol and tobacco (5.6% vs (3.9%); clothing (5.9% vs 8.1%; housing (63.0 vs 59.7%), led by electricity, heat energy, pipeline gas, and solid fuels; household goods (11.2% vs 12.7%); health (6.1% vs 5.4%); transport (27.0% vs 24.2%); recreation & culture (8.6% vs 9.7%); education (3.1% vs 19.8%); hotels, cafes (13.3% vs 13.0%); and miscellaneous goods & services (8.6% vs 7.7%). At the same time, cost of communications fell at a softer rate (-2.5% vs -2.9%). On a monthly basis, consumer prices were up 1.9 percent in May, the least in three months, after gaining 3.6 percent in April. source: Statistics Estonia
Inflation Rate in Estonia averaged 3.44 percent from 1999 until 2022, reaching an all time high of 20.0 percent in May 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 July of 2022.
Inflation Rate in Estonia is expected to be 18.50 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 3.00 percent in 2023 and 2.20 percent in 2024, according to our econometric models.