Inflation in Estonia

Estonia Inflation | Economic News & Forecasts

Estonia - Inflation

Inflation unchanged in December

Consumer prices fell 0.3% over the previous month in December, following a 0.2% month-on-month decrease in November. A breakdown by components provided by Statistics Estonia showed that lower prices for housing, alcoholic beverages and tobacco, and clothing and footwear drove the result, more than offsetting higher prices for transport.

Inflation remained at 1.8% in December, unchanged from the prior month. Meanwhile, annual average inflation nudged further down to an over two-year low of 2.3% in December (November: 2.4%).

FocusEconomics panelists project harmonized inflation to average 2.3% in 2020, which is unchanged from last month’s forecast. For 2021, they expect harmonized inflation to also average 2.3%.

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 Rate1.120.65 %Dec 31

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