Estonia Inflation February 2021

Estonia

Estonia: Inflation climbs to near one-year high in February

March 5, 2021

Consumer prices rose 0.86% over the previous month in February, quickening from the 0.65% increase logged in January. February’s result largely reflected quicker price growth for transport and recreation and culture.

Inflation edged up from 0.2% in January to 0.6% in February, marking the highest reading in 11 months. Meanwhile, the annual average variation in consumer prices came in at minus 0.7%, down from January’s minus 0.6%. Lastly, harmonized inflation edged up to 0.5% in February from 0.3% in the previous month.

FocusEconomics panelists see harmonized inflation averaging 1.3% in 2021 and 2.1% in 2022.


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Estonia Inflation February 2021

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


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