Inflation in Estonia

Estonia Harmonized Inflation | Economic News & Forecasts

Estonia - Harmonized Inflation

Inflation dives in June

Consumer prices rose 0.2% from the previous month in May, unchanged from the previous month’s result. A breakdown of the sub-components provided by Statistics Estonia showed that 6 of the total 12 saw a rise in prices, led by hotels, cafes and restaurants, recreation and culture, and miscellaneous goods and services, which more than offset lower prices for transport and household gods.

Inflation fell to 2.4% in June, from 3.1% in May. Meanwhile, annual average inflation ticked down to a 20-month low of 3.1% in June, from previous month’s 3.3% in May. Lastly, harmonized inflation dropped from 3.1% in May to 2.6% in June.

FocusEconomics panelists project harmonized inflation to average 2.5% in 2019, which is unchanged from last month’s forecast. For 2020 they expect inflation to average 2.6%.

Estonia - Harmonized Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (HICP, annual variation in %)3.2  0.5  0.1  0.8  3.7  

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Estonia Harmonized Inflation Chart

Estonia Inflation
Note: Annual variation of harmonized index of consumer prices (HICP) in %.
Source: Statistics Estonia.

Estonia Facts

Exchange Rate1.130.65 %Jul 11
Stock Market1,276-0.38 %Jul 11

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