Inflation in Estonia

Estonia Inflation | Economic News & Forecasts

Estonia - Inflation

Inflation remains stable in December

Consumer prices fell 0.3% from the previous month in December, compared to November’s 0.5% decrease. A breakdown of the sub-components showed that 6 of the total 12 saw a fall in prices, led by transport, and clothing and footwear which more than offset higher prices for recreation and culture.

Inflation remained unchanged at November’s seven-month low of 3.4% in December. In a similar fashion, annual average inflation was also stable at 3.4% in December. Lastly, harmonized inflation also remained at the previous month’s 3.4% in December.

FocusEconomics panelists project harmonized inflation to average 2.8% in 2019, which is unchanged from last month’s forecast. For 2020, they expect inflation to average 2.7%.

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 Rate1.150.65 %Jan 14
Stock Market1,195-0.38 %Jan 14

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