Inflation in Estonia
Estonia - Inflation
Inflation comes in at highest level since December 1997 in December
Consumer prices increased 3.07% in December over the previous month, accelerating from the 1.82% rise logged in November. December's result marked the highest reading since February 1996. Looking at the details of the release, housing and utilities prices rose at a quicker pace in December compared to the previous month, while price pressures for transportation fell.
Inflation came in at 12.2% in December, which was up from November’s 8.8%. December's figure represented the highest inflation rate since December 1997. Meanwhile, the trend pointed up, with annual average inflation coming in at 4.7% in December (November: 3.6%). Lastly, harmonized inflation rose to 12.0% in December, from the previous month's 8.6%.
FocusEconomics panelists see harmonized inflation averaging 3.8% in 2022, which is up 0.4 percentage points from the previous month’s forecast, and 2.3% in 2023.
Estonia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.5||0.1||3.4||3.4||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Estonia Inflation Chart
Source: Statistics Estonia.
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 7, 2022
Consumer prices increased 3.07% in December over the previous month, accelerating from the 1.82% rise logged in November.
January 6, 2022
Industrial output expanded 6.2% year-on-year in seasonally- and calendar-adjusted terms in November (October: +2.5%).
December 5, 2021
Consumer prices increased 1.82% from the previous month in November, contrasting October's 0.15% drop.
December 1, 2021
Industrial output grew 2.8% year-on-year in seasonally- and calendar-adjusted terms in October, which was a deterioration from September's 8.5% increase.
November 30, 2021
GDP growth slowed markedly to 8.6% year-on-year in the third quarter, from 13.0% in the second quarter, albeit largely due to a less favorable base effect. The slowdown was driven by weakening private consumption, fixed investment and exports.