Inflation Estonia 2018
Average inflation: 3.4%
Current Inflation
Inflation is high at 3.4%, well above the ECB target.
Peak and Trough
The highest inflation was in October at 4.4%. The lowest inflation was in March at 2.8%.
- Highest month
- October: 4.4%
- Lowest month
- March: 2.8%
- Difference
- 1.6 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 8.6%. The lowest price increase was in Communication with an average of -4.6%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 8.6%
- Lowest increase
- Communication: -4.6%
Historical Context
Current inflation is 2.1% higher than the 5-year average of 1.3%.
- 5-year average
- 1.3%
- 10-year average
- 2.1%
- All-time high (2008)
- 10.4%
- All-time low (2015)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 2017, inflation has risen by +0.0 percentage point.
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- June: +1.1 percentage points
ECB Target
Inflation is 1.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 3.4% | +0.6 |
| February | 3.0% | -0.4 |
| March | 2.8% | 0.0 |
| April | 2.9% | -0.3 |
| May | 3.0% | -0.3 |
| June | 4.0% | +1.1 |
| July | 3.5% | -0.1 |
| August | 3.6% | -0.3 |
| September | 3.6% | -0.1 |
| October | 4.4% | +0.6 |
| November | 3.3% | -0.9 |
| December | 3.4% | 0.0 |
| Average | 3.4% |
Data source
Data from OECD. Last updated: 13/01/2026.