Argentina:
Inflation came in at 124.4% in August, up from July’s 113.4%. August’s figure represented the highest inflation rate since our...
Inflation in Estonia
Harmonized consumer price inflation averaged 3.7% in the ten years to 2022, above the Euro Area average of 1.8%. The 2022 average figure was 19.4%. For more inflation information, visit our dedicated page.
Estonia Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Estonia from 2014 to 2023.
Source: Macrobond.
Estonia Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.3 | -0.6 | 4.5 | 19.4 | 9.1 |
| Inflation (CPI, ann. var. %, eop) | 1.8 | -0.8 | 12.2 | 17.6 | 4.0 |
| Inflation (HICP, ann. var. %, eop) | 1.8 | -0.9 | 12.0 | 17.5 | 4.3 |
| Inflation (PPI, ann. var. %, aop) | -0.2 | -2.4 | 12.4 | 26.8 | 0.9 |
Harmonized inflation declines to lowest level since April 2021 in June
Harmonized inflation fell to 2.8% in June, down from May’s 3.1%. June's result represented the lowest inflation rate in over three years. Looking at the details of the release, price pressures for transportation, food and hospitality eased. On the flipside, housing and utilities prices fell at a more moderate pace in June compared to the previous month. Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 4.2% in June (May: 4.7%). Meanwhile, consumer price inflation fell to 2.5% in June from the previous month's 2.9%. Finally, harmonized consumer prices rose 0.47% from the previous month in June, after May's flat result fall.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Estonian inflation projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Estonian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Estonian inflation projections.
Want to get access to the full dataset of Estonian inflation forecasts? Send an email to info@focus-economics.com.
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