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 |