Inflation Estonia 2020
Average inflation: -0.4%
Current Inflation
There is deflation with consumer prices declining by 0.4%.
Peak and Trough
The highest inflation was in February at 1.9%. The lowest inflation was in May at -1.7%.
- Highest month
- February: 1.9%
- Lowest month
- May: -1.7%
- Difference
- 3.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Recreation and culture with an average of 3.4%. The lowest price increase was in Transport with an average of -4.7%.
- Highest increase
- Recreation and culture: 3.4%
- Lowest increase
- Transport: -4.7%
Historical Context
Current inflation is 2.2% lower than the 5-year average of 1.8%.
- 5-year average
- 1.8%
- 10-year average
- 2%
- All-time high (2008)
- 10.4%
- All-time low (2015)
- -0.5%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +2.7 percentage point.
- Change vs. previous year
- -2.7 percentage points
- Largest monthly swing
- May: -4.8 percentage points
ECB Target
Inflation is 2.4% 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 €99.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 1.6% | -1.1 |
| February | 1.9% | 0.0 |
| March | 0.9% | -1.3 |
| April | -0.8% | -4.0 |
| May | -1.7% | -4.8 |
| June | -1.0% | -3.4 |
| July | -0.8% | -2.9 |
| August | -0.9% | -3.2 |
| September | -1.1% | -3.3 |
| October | -1.5% | -3.1 |
| November | -1.1% | -2.9 |
| December | -0.8% | -2.6 |
| Average | -0.4% |
Data source
Data from OECD. Last updated: 11/01/2026.