Inflation in Estonia

Estonia Inflation | Economic News & Forecasts

Estonia - Inflation

Inflation slips to a five-month low in July

Consumer prices fell 0.1% from the previous month in July, contrasting a 0.2% uptick in June and marking the first contraction since January 2019.

A breakdown of the sub-components provided by Statistics Estonia showed that just 4 of the total 12 saw a fall in prices, led by clothing and footwear, and alcoholic beverages and tobacco, which more than offset higher prices for household goods as well as for food and non-alcoholic beverages.

Inflation fell to a five-month low of 2.1% in July, from 2.4% in June. Meanwhile, annual average inflation ticked down to a 21-month low of 3.0% in July, from previous month’s 3.0%. Lastly, harmonized inflation moderated from 2.6% in June to 2.4% in July.

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

Estonia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.8  -0.1  -0.5  0.1  3.4  

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Estonia Inflation Chart

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

Estonia Facts

Exchange Rate1.100.65 %Sep 04
Stock Market1,235-0.38 %Sep 04

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