Estonia Inflation February 2019


Estonia: Inflation declines to over two-year low in February

March 15, 2019

Consumer prices rose 0.2% from the previous month in February, compared to January’s 0.2% decrease. A breakdown of the sub-components provided by Statistics Estonia showed that 6 of the total 12 saw a rise in prices, led by transport and food, which more than offset lower prices for housing.

Inflation fell to 2.0% in February, from 2.7% in January, marking the lowest reading since November 2016. Meanwhile, annual average inflation ticked down from 3.4% in January to 3.3% in February. Lastly, harmonized inflation fell to 1.9%, from 2.8% in the previous month.

FocusEconomics panelists project harmonized inflation to average 2.8% in 2019, which is unchanged from last month’s forecast. For 2020, they expect inflation to average 2.7%.

Author:, Research Team Manager

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Estonia Inflation Chart

Estonia Inflation February 2019

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

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