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Inflation in Estonia

Estonia Inflation

Harmonized inflation declines to lowest level since November 2021 in June

Harmonized inflation dropped to 9.0% in June, following May’s 11.2%. June’s reading represented the lowest inflation rate since November 2021. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a more moderate pace in June and prices for transportation decreased at a quicker rate. Meanwhile, housing and utilities price growth softened.

Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 18.0% in June (May: 19.1%). Meanwhile, consumer price inflation fell to 9.2% in June, from the previous month’s 11.3%.

Finally, harmonized consumer prices rose 0.82% from the previous month in June, picking up from May’s 0.03% increase.

Estonia Inflation Chart

This chart displays Inflation (HICP, ann. var. %, aop) for Estonia from 2013 to 2022.

Estonia Inflation Data

2018 2019 2020 2021 2022
Inflation (HICP, ann. var. %, aop) 3.4 2.3 -0.6 4.5 19.4
Inflation (CPI, ann. var. %, eop) 3.4 1.8 -0.8 12.2 17.6
Inflation (HICP, ann. var. %, eop) 3.3 1.8 -0.9 12.0 17.5
Inflation (PPI, ann. var. %, aop) 2.6 -0.2 -2.4 12.4 26.8

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