Inflation in Estonia

Estonia Inflation (eop) | Economic News & Forecasts

Estonia - Inflation (end of period)

Inflation jumps to year-to-date high in April

Consumer prices rose 1.3% from the previous month in April, accelerating markedly from March’s 0.3% uptick and marking the strongest monthly increase in over two years. A breakdown of the sub-components provided by Statistics Estonia showed that 11 of the total 12 saw a rise in prices, led by transport, and clothing and footwear, which more than offset marginally lower prices for communications.

Inflation jumped from 2.3% in March to 3.2% in April, marking the highest reading since December 2018. Meanwhile, annual average inflation ticked up from 3.2% in March to 3.3% in April. Lastly, harmonized inflation also rose to 3.2% in April, from 2.3% in the previous month.

Met the why particular panelists project harmonized inflation to average 2.7% in 2019, which is down 0.1 percentage points 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 %Jun 13
Stock Market1,252-0.38 %Jun 13

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