Estonia Inflation October 2020


Estonia: Consumer prices drop annually for seventh month in a row in October

November 6, 2020

Consumer prices slid 0.51% over the previous month in October, following the 0.29% decline logged in September. The fall was primarily driven by lower prices for transport, household goods and food and non-alcoholic beverages.

Consumer prices dipped 1.5% year-on-year in October, a larger drop than September’s 1.1% fall. Meanwhile, annual average inflation came in flat (September: 0.3%). Lastly, harmonized consumer prices dipped 1.7% on an annual basis in October, after they fell 1.3% in each of the three months prior.

FocusEconomics panelists see harmonized inflation averaging 1.8% in 2021 and 2.2% in 2022.


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Estonia Inflation Chart

Estonia Inflation October 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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