Inflation in Estonia

Estonia Inflation (eop) | Economic News & Forecasts

Estonia - Inflation (end of period)

Inflation inches down in May

Consumer prices rose 0.2% from the previous month in May, decelerating markedly from April’s 1.3% rise—which had marked the strongest monthly increase in over two years. A breakdown of the sub-components provided by Statistics Estonia showed that 8 of the total 12 saw a rise in prices, led by hotels, cafes and restaurants, health, and food products, which more than offset marginally lower prices for transport.

Inflation ticked down from 3.2% in April to 3.1% in May. Meanwhile, annual average inflation remained unchanged at the previous month’s 3.3% in May. Lastly, harmonized inflation inched down from 3.2% in April to 3.1% in May.

FocusEconomics panelists project harmonized inflation to average 2.5% in 2019, which is unchanged from last month’s forecast. For 2020 they expect inflation to average 2.6%.

Estonia - Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)1.4  -0.5  -0.9  2.2  3.4  

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Estonia Inflation (eop) Chart

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

Estonia Facts

Exchange Rate1.130.65 %Jul 11
Stock Market1,276-0.38 %Jul 11

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