Estonia Inflation December 2019


Estonia: Inflation unchanged in December

January 8, 2020

Consumer prices fell 0.3% over the previous month in December, following a 0.2% month-on-month decrease in November. A breakdown by components provided by Statistics Estonia showed that lower prices for housing, alcoholic beverages and tobacco, and clothing and footwear drove the result, more than offsetting higher prices for transport.

Inflation remained at 1.8% in December, unchanged from the prior month. Meanwhile, annual average inflation nudged further down to an over two-year low of 2.3% in December (November: 2.4%).

FocusEconomics panelists project harmonized inflation to average 2.3% in 2020, which is unchanged from last month’s forecast. For 2021, they expect harmonized inflation to also average 2.3%.

Author:, Economist

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Estonia Inflation Chart

Estonia Inflation December 2019

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

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