Inflation Estonia 2008
Average inflation: 10.4%
Current Inflation
Inflation is very high at 10.4%, far above the ECB target.
Peak and Trough
The highest inflation was in April at 11.4%. The lowest inflation was in December at 6.9%.
- Highest month
- April: 11.4%
- Lowest month
- December: 6.9%
- Difference
- 4.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 15.8%. The lowest price increase was in Communication with an average of -0.9%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 15.8%
- Lowest increase
- Communication: -0.9%
Historical Context
Current inflation is 4.7% higher than the 5-year average of 5.7%. This approaches the highest level since records began (10.4% in 2008).
- 5-year average
- 5.7%
- 10-year average
- 4.8%
- All-time high (2008)
- 10.4%
- All-time low (2003)
- 1.3%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +3.8 percentage point.
- Change vs. previous year
- +3.8 percentage points
- Largest monthly swing
- February: +6.6 percentage points
ECB Target
Inflation is 8.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €110.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 11.0% | +5.9 |
| February | 11.3% | +6.6 |
| March | 10.9% | +5.1 |
| April | 11.4% | +5.9 |
| May | 11.3% | +5.6 |
| June | 11.4% | +5.6 |
| July | 11.0% | +4.6 |
| August | 11.1% | +5.4 |
| September | 10.5% | +3.3 |
| October | 9.8% | +1.4 |
| November | 8.0% | -1.1 |
| December | 6.9% | -2.7 |
| Average | 10.4% |
Data source
Data from OECD. Last updated: 11/01/2026.