Estonia Inflation Rate

Last updated: 2024-01-10

Annual inflation

4.03%

YoY ending in Dec 2023

Monthly inflation

-0.10%

December 2023

The graph above shows the annual inflation rates in Estonia for the previous 10 calendar years, from 2014. For additional years, see the historical inflation rates. To calculate cumulative rates between two different periods, you can use the Estonia Inflation Calculator.

The current inflation rate in Estonia is 4.03%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in December 2023.

In December 2023, the monthly inflation rate was -0.10.

The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values.

Year Measure Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2023 YoY 18.61 17.55 15.28 13.47 11.31 9.19 6.42 4.60 4.23 4.92 4.03 4.03
MoM 0.75 0.57 0.67 1.96 -0.03 0.76 -0.65 0.55 -0.03 -0.44 0.00 -0.10
2022 YoY 11.31 12.01 15.19 18.88 19.98 21.84 22.86 24.79 23.65 22.50 21.31 17.62
MoM -0.08 1.47 2.65 3.59 1.91 2.71 1.93 2.30 0.32 -1.10 0.86 -0.11

Historical Annual Inflation Rates from 1998

The table below contains annual inflation rates in Estonia from 1998. The 'Inflation %' column indicates how much prices have changed since the previous year.

The 5-year and 10-year columns display the rolling average of the yearly inflation. For example, the 5-year avg. on the first row indicates that between 2018 and 2023, the average inflation rate was 6.79%. These values can be useful for long-term analysis and forecasting.

You can click or tap the table’s headers to sort the information.

Year Inflation 5-year Avg. 10-year Avg.
1998 5.21 - -
1999 3.85 - -
2000 5.03 - -
2001 4.20 - -
2002 2.74 - -
2003 1.02 3.58 -
2004 5.05 3.53 -
2005 3.55 3.55 -
2006 5.14 3.29 -
2007 9.57 3.89 -
2008 6.94 5.67 4.62
2009 -1.68 5.03 4.28
2010 5.72 4.80 4.17
2011 3.73 4.91 4.10
2012 3.44 4.38 4.13
2013 1.40 2.90 4.28
2014 -0.51 2.90 3.96
2015 -0.88 2.20 3.49
2016 2.23 1.24 3.06
2017 3.40 1.14 2.75
2018 3.44 1.27 2.08
2019 1.76 1.74 2.32
2020 -0.79 1.75 1.97
2021 12.14 2.65 1.94
2022 17.62 5.65 3.37
2023 4.03 6.79 3.99

More historical data →