Estonia Inflation January 2021


Estonia: Inflation reemerges in January

February 5, 2021

Consumer prices rose 0.65% over the previous month in January, quickening from the 0.01% uptick logged in December 2020. January’s result primarily reflected a rebound in prices for food, and faster growth in prices for housing and transport.

Inflation came in at 0.2% in January, contrasting the 0.8% annual fall in prices in December and marking the first positive reading in 10 months. Meanwhile, the annual average variation in consumer prices came in at minus 0.6%, down from December’s minus 0.4%. Lastly, harmonized inflation came in at 0.1% in January, after prices dropped 0.9% annually in December.

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


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Estonia Inflation Chart

Estonia Inflation January 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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