Estonia Inflation November 2020


Estonia: Consumer prices decline annually for eighth month straight in November

December 7, 2020

Consumer prices climbed 0.12% over the previous month in November, contrasting the 0.51% declined logged in October. The increase was largely driven by a rebound in prices for transport and quicker price growth for housing.

Consumer prices fell 1.1% year-on-year in November, easing from October’s 1.5% drop. Meanwhile, the annual average variation in consumer prices came in at minus 0.2%, down from October’s flat reading. Lastly, harmonized consumer prices slipped 1.3% on an annual basis in November, after declining 1.7% in the prior month.

FocusEconomics panelists see harmonized inflation averaging 1.5% in 2021 and 2.2% in 2022.


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Estonia Inflation Chart

Estonia Inflation November 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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