Estonia Inflation September 2020


Estonia: Consumer prices decline annually again in September

October 7, 2020

Consumer prices declined 0.29 over the previous month in September, contrasting the 0.64% rise logged in August. The fall was primarily driven by lower prices for transport, and food and non-alcoholic beverages.

Consumer prices dropped 1.1% year-on-year in September, slightly more than August’s 0.9% fall. Meanwhile, annual average inflation came in at 0.3% (August: 0.5%). Lastly, harmonized consumer prices dipped 1.3% on an annual basis for the third month running in September.

FocusEconomics panelists project harmonized consumer prices to drop, on average, 0.1% in 2020. In 2021, they see harmonized inflation averaging 1.8%.


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Estonia Inflation Chart

Estonia Inflation September 20 20

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Estonia and FocusEconomics calculations.

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