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 June 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.

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Estonia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-06 05:00 AM Apr 18.8% 15.2% 19.4%
2022-06-07 05:00 AM May 20.0% 18.8% 21.5%
2022-07-07 05:00 AM Jun 20.0%


Related Last Previous Unit Reference
Inflation Rate 20.00 18.80 percent May 2022
Inflation Rate Mom 1.90 3.60 percent May 2022
Consumer Price Index CPI 261.80 256.86 points May 2022
GDP Deflator 131.46 124.20 points Mar 2022
Producer Prices 157.87 153.14 points May 2022
Producer Prices Change 33.70 31.80 percent May 2022
Export Prices 440.39 426.20 points May 2022
Import Prices 194.46 189.78 points May 2022
CPI Transportation 246.99 240.94 points May 2022
CPI Housing Utilities 557.34 538.55 points May 2022
Food Inflation 17.00 14.60 percent May 2022

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
20.00 18.80 20.00 -2.17 1999 - 2022 percent Monthly
1997=100

News Stream
Estonia Inflation Rate Hits Fresh Record High
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.
2022-06-07
Estonia Inflation Rate Hits Fresh Record High of 18.8%
Estonia’s annual inflation rate accelerated to a new record peak of 18.8 percent in April 2022 from 15.2 percent a month earlier. Main upward price pressures largely came from cost of food and non-alcoholic beverages (14.6% vs 13.8% in March), mainly potatoes, other oils, flour of cereals, and tobacco; alcohol and tobacco (3.9% vs (3.4%); clothing (8.1% vs 5.4%; housing (59.7% vs 11.6%), led by electricity, heat energy, and pipeline gas; household goods (12.7% vs 11.6%); health (5.4% vs 5.2%); transport (24.2% vs 25.3%); recreation & culture (9.7% vs 8%); education (19.8% vs 14.2%); hotels, cafes (13.0% vs 9.3%); and miscellaneous goods & services (7.7% vs 6.7%). By contrast, cost of communications fell further (-2.9% vs -2.8%). On a monthly basis, consumer prices were up 3.6 percent in April, the most since March 1994, after a 2.7 percent rise in March.
2022-05-06
Estonian Inflation Rate Notches Record Peak of 15.2%
Estonia’s annual inflation rate quickened to a record high of 15.2 percent in March 2022 from 12.0 percent a month earlier. Main upward price pressures largely came from cost of food and non-alcoholic beverages (13.8% vs 12.4% in February), largely potatoes, fresh fish, flour of cereals, and tobacco; alcohol and tobacco (3.4% vs (3.7%); clothing (5.4% vs 2.8%; housing (11.6% vs 26.9%), led by electricity, central heating, and pipeline gas; household goods (11.6% vs 10.2%); health (5.2% vs 4.8%); transport (25.3% vs 17.9%); recreation & culture (8% vs 5.9%); education (14.2% vs 3.1%); hotels, cafes (9.3% vs 8.3%); and miscellaneous goods & services (6.7% vs 5.8%). At the same time, cost of communications fell at a slower pace (-2.8% vs -4.6%). On a monthly basis, consumer prices went up 2.7 percent in March, the most in three months, after a 1.5 percent rise in February.
2022-04-07