Estonia HICP in Estonia

Estadistica Estonia · Monthly · Importance

IMF forecast (WEO): 2026: 3.8% 2027: 3.0% 2028: 2.8% 2029: 2.3% 2030: 2.3% 2031: 2.3%
4.8% (2025) YOY · % · Annual · CSV
Period%
Jan 2025 4.8%
Jan 2024 3.5%
Jan 2023 9.2%
Jan 2022 19.4%
Jan 2021 4.6%
Jan 2020 -0.4%
Jan 2019 2.3%
Jan 2018 3.4%
Jan 2017 3.4%
Jan 2016 0.1%
Jan 2015 -0.5%
Jan 2014 -0.1%
Jan 2013 2.8%
Jan 2012 3.9%
Jan 2011 5.0%
Jan 2010 3.0%
Jan 2009 -0.1%
Jan 2008 10.4%
Jan 2007 6.6%
Jan 2006 4.4%
Jan 2005 4.1%
Jan 2004 3.0%
Jan 2003 1.3%
Jan 2002 3.6%
Jan 2001 5.8%
Jan 2000 4.0%
Jan 1999 3.3%

About this indicator

Source
Estadistica Estonia
Frequency
Monthly
Release
Around the middle of the month following the reference period (usually a preliminary and then a final figure).
What it is
Measures the change in the price of a representative basket of goods and services bought by Estonian households, compiled under a methodology harmonised across the EU. It is the inflation gauge the ECB uses for its price-stability objective.
How it's calculated
It is produced by Statistics Estonia from a regular price collection across a broad sample of outlets, following Eurostat's rules. Item weights are used to build an index with a base year, released mainly as year-on-year (YoY) and month-on-month (MoM) rates of change.
Market implications
As a euro-area member, Estonia's HICP feeds the bloc's aggregate inflation and ECB monetary policy. A hotter-than-expected print tends to push interest rates and the euro higher, and its harmonised comparability makes it particularly relevant for the market.
Limitations
It only captures the prices in the defined basket, not the whole economy. To read the underlying trend, core inflation strips out energy and unprocessed food; in a small, open economy like Estonia's, energy and imported prices add considerable volatility.