Inflation Estonia 2014
Average inflation: -0.1%
Current Inflation
There is deflation with consumer prices declining by 0.1%.
Peak and Trough
The highest inflation was in January at 1.1%. The lowest inflation was in August at -0.7%.
- Highest month
- January: 1.1%
- Lowest month
- August: -0.7%
- Difference
- 1.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 4.7%. The lowest price increase was in Education with an average of -17.0%.
- Highest increase
- Restaurants and hotels: 4.7%
- Lowest increase
- Education: -17.0%
Historical Context
Current inflation is 3.0% lower than the 5-year average of 2.9%.
- 5-year average
- 2.9%
- 10-year average
- 4%
- All-time high (2008)
- 10.4%
- All-time low (2014)
- -0.1%
Trend
Inflation shows a downward trend. Compared to 2013, inflation has fallen by +2.9 percentage point.
- Change vs. previous year
- -2.9 percentage points
- Largest monthly swing
- June: -4.2 percentage points
ECB Target
Inflation is 2.1% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 1.1% | -2.3 |
| February | 0.6% | -3.1 |
| March | 0.2% | -3.3 |
| April | 0.2% | -2.8 |
| May | 0.1% | -3.2 |
| June | -0.4% | -4.2 |
| July | -0.4% | -3.8 |
| August | -0.7% | -3.6 |
| September | -0.6% | -2.6 |
| October | -0.3% | -1.9 |
| November | -0.6% | -2.1 |
| December | -0.5% | -1.9 |
| Average | -0.1% |
Data source
Data from OECD. Last updated: 13/01/2026.