Estonia Inflation March 2021


Estonia: Inflation climbs to one-year high in March

April 8, 2021

Consumer prices fell 0.21% over the previous month in March, contrasting the 0.86% increase logged in February. March’s result mainly reflected a drop in prices for housing, and recreation and culture, as well as slower growth in prices for food.

Inflation rose to 1.1% in March from 0.6% in February, marking the highest reading since February 2020. Meanwhile, the annual average variation in consumer prices remained unchanged from the previous month, coming in at minus 0.7%. Lastly, harmonized inflation increased to 0.8% in March from 0.5% in the previous month.

FocusEconomics panelists see harmonized inflation averaging 1.4% in 2021, which is up 0.1 percentage points from last month’s estimate, and 2.1% in 2022.


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Estonia Inflation Chart

Estonia Inflation March 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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