Inflation in Estonia
Estonia - Inflation
Inflation comes in at highest level since December 2008 in September amid higher electricity prices
Consumer prices rose 1.22% in September over the previous month, picking up from August's 0.72% rise. September's figure was the highest reading since April 2019. The result was solely driven by soaring housing services prices, namely electricity amid higher fuel prices. Meanwhile, price pressures in other main groups such as transportation and alcoholic beverages actually eased, while food prices slumped into decline.
Inflation rose to 6.6% in September, above August’s 5.0%. September's figure was the highest inflation rate since December 2008, due to a spike in prices for electricity. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.0% in September (August: 1.4%). Finally, harmonized inflation rose to 6.4% in September, from August’s 5.0%.
FocusEconomics panelists see harmonized inflation averaging 2.8% in 2021, and 2.7% in 2022, which is up 0.2 percentage pointsup 0.6 percentage points from last month’s estimate.
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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Estonia: Inflation comes in at highest level since December 2008 in September amid higher electricity prices
October 7, 2021
Consumer prices rose 1.22% in September over the previous month, picking up from August's 0.72% rise.
September 9, 2021
Consumer prices rose 0.72% in August over the previous month, moderating from July's 1.09% increase.
September 2, 2021
Industrial output expanded 9.9% year-on-year in seasonally- and calendar-adjusted terms in July, which followed June's 10.8% increase.
Estonia: GDP growth records best reading since Q4 1997 in Q2, partly supported by a favorable base effect
August 31, 2021
GDP growth gained traction to 12.9% year-on-year in the second quarter, from 4.1% in the first quarter.
August 9, 2021
Consumer prices increased 1.09% in July over the previous month, slowing from the 1.17% increase recorded in June.