Inflation rates in Estonia
The inflation rate for consumer prices in Estonia moved over the past 28 years between -0.5% and 89.8%. For 2021, an inflation rate of 4.7% was calculated.During the observation period from 1993 to 2021, the average inflation rate was 10.1% per year. Overall, the price increase was 993.49%. An item that cost 100 Euro in 1993 cost 1,093.49 Euro in the beginning of 2022.
For August 2022, the year-over-year inflation rate was 24.8%.
This includes energy (+98.1%) and food (+21.4%).
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Performance over the last 28 years compared with the USA
In only a few countries are negative inflation rates achieved. This means that the general price level is declining and consumer prices get cheaper. This is called deflation. In comparison to most other countries, the drastic price increases are no longer average. Usually this is a sign of political and economic turmoil.Performance based on 100% in 1992:
Inflation calculator for Estonia
Enter any amount, an initial year and an end year here. You will then be provided with the original amount after inflation. Example: 1000 Euro in 1993 corresponds to 10,934.87 Euro at the beginning of 2022 due to inflation.Inflation rates for consumer goods in Estonia
Energy and food
Historical inflation rates in comparison
| Year | Estonia | Ø EU | Ø USA | Ø World |
|---|---|---|---|---|
| 2021 | 4.65 % | 2.55 % | 4.70 % | 3.42 % |
| 2020 | -0.44 % | 0.50 % | 1.23 % | 1.92 % |
| 2019 | 2.28 % | 1.63 % | 1.81 % | 2.19 % |
| 2018 | 3.44 % | 1.74 % | 2.44 % | 2.44 % |
| 2017 | 3.42 % | 1.43 % | 2.13 % | 2.19 % |
| 2016 | 0.15 % | 0.18 % | 1.26 % | 1.55 % |
| 2015 | -0.49 % | -0.06 % | 0.12 % | 1.43 % |
| 2014 | -0.11 % | 0.20 % | 1.62 % | 2.35 % |
| 2013 | 2.78 % | 1.22 % | 1.46 % | 2.62 % |
| 2012 | 3.93 % | 2.66 % | 2.07 % | 3.73 % |
| 2011 | 4.98 % | 3.29 % | 3.16 % | 4.82 % |
| 2010 | 2.97 % | 1.53 % | 1.64 % | 3.35 % |
| 2009 | -0.08 % | 0.84 % | -0.36 % | 2.94 % |
| 2008 | 10.36 % | 4.16 % | 3.84 % | 8.95 % |
| 2007 | 6.60 % | 2.51 % | 2.85 % | 4.82 % |
| 2006 | 4.44 % | 2.67 % | 3.23 % | 4.28 % |
| 2005 | 4.08 % | 2.49 % | 3.39 % | 4.11 % |
| 2004 | 3.05 % | 2.29 % | 2.68 % | 3.38 % |
| 2003 | 1.33 % | 2.09 % | 2.27 % | 3.03 % |
| 2002 | 3.57 % | 2.42 % | 1.59 % | 2.83 % |
| 2001 | 5.75 % | 3.37 % | 2.83 % | 3.84 % |
| 2000 | 4.02 % | 3.15 % | 3.38 % | 3.49 % |
| 1999 | 3.30 % | 2.16 % | 2.19 % | 3.08 % |
| 1998 | 8.21 % | 2.42 % | 1.55 % | 5.11 % |
| 1997 | 10.58 % | 3.11 % | 2.34 % | 5.57 % |
| 1996 | 23.05 % | 3.56 % | 2.93 % | 6.55 % |
| 1995 | 28.78 % | 4.43 % | 2.81 % | 9.15 % |
| 1994 | 47.65 % | 4.72 % | 2.61 % | 10.32 % |
| 1993 | 89.81 % | 4.85 % | 2.95 % | 7.51 % |
Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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