Inflation in Estonia

Estonia Inflation | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-0.5  0.1  3.4  3.4  2.3  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Estonia Inflation Chart

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

Estonia Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form