Latest reading: Inflation fell to 19.8% in May from April’s 22.2%, marking a near two-year low. Resumed Central Bank intervention...
Inflation in Estonia
In the year 2024, the inflation in Estonia was 3.73%, compared to 0.48% in 2014 and 9.12% in 2023. It averaged 4.26% over the last decade. For more inflation information, visit our dedicated page.
Estonia Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Estonia from 2014 to 2024.
Source: Macrobond.
Estonia Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | -0.6 | 4.5 | 19.4 | 9.1 | 3.7 |
| Inflation (CPI, ann. var. %, eop) | -0.8 | 12.2 | 17.6 | 4.0 | 3.9 |
| Inflation (HICP, ann. var. %, eop) | -0.9 | 12.0 | 17.5 | 4.3 | 4.1 |
| Inflation (PPI, ann. var. %, aop) | -2.4 | 12.4 | 26.8 | 0.9 | -0.9 |
Harmonized inflation rises in April
Latest reading: Harmonized inflation ticked up to 4.4% in April, following March’s 4.3%. The uptick was largely due to rising price pressures for food and recreation which outweighed softer price growth for housing and utilities, hospitality, and transportation. Annual average harmonized inflation edged up to 3.8% in April (March: 3.7%). Meanwhile, consumer price inflation ticked up to 4.5% in April from the previous month's 4.4%. Finally, harmonized consumer prices rose 1.15% from the previous month in April, contrasting the 0.30% drop logged in March.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Estonian inflation projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Estonian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Estonian inflation projections.
Want to get access to the full dataset of Estonian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Angola: Inflation nears two-year low but remains among fastest in the region in May -
Argentina: Inflation falls to lowest level since March 2021 in May Latest reading: Inflation dropped to 43.5% in May, below April’s 47.3%. May’s result marked the lowest inflation rate since March... -
United States: Inflation rises in May but undershoots expectations Latest reading: Inflation ticked up to 2.4% in May from April’s 2.3%. The reading was slightly above the Fed’s 2.0%... -
Russia: Inflation cools for second straight month but remains above target in May Latest reading: Inflation fell for the second consecutive month in May, coming in at 9.9% (April: 10.2%) and marking the... -
Taiwan: Inflation declines to lowest level since March 2021 in May Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March... -
Mexico: Inflation comes in at highest level since November 2024 in May Latest reading: Inflation came in at 4.4% in May, up from April’s 3.9%. May’s result represented the highest inflation rate... -
Ukraine: Inflation hits over two-year high in May Latest reading: Inflation came in at 15.9% in May, which was up from April’s 15.1% and was the highest one...