Inflation Estonia 2026
Average inflation: 3.0%
Inflation in 2026
Inflation is high at 3.0%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 3.7%. The lowest inflation was in August at 1.5%.
- Highest month
- January: 3.7%
- Lowest month
- August: 1.5%
- Difference
- 2.2 percentage points
- Months with data
- 9 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 7.3%. The lowest price increase was in Clothing and footwear with an average of -4.4%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 7.3%
- Lowest increase
- Clothing and footwear: -4.4%
Historical Context
Inflation is 5.0 percentage points lower than the 5-year average of 8.0%.
- 5-year average
- 8%
- 10-year average
- 5.3%
- All-time high (2022)
- 19.3%
- All-time low (2015)
- -0.5%
Trend
Over the period 2024-2026, inflation has remained relatively stable. Compared to 2025, inflation has fallen by 1.8 percentage points.
- Change vs. previous year
- -1.8 percentage points
- Largest monthly swing
- August: -4.6 percentage points
ECB Target
Inflation is 1.0 percentage points 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 next year at this inflation rate.
Multi-year trend
Monthly figures 2026
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2025 |
|---|---|---|
| January | 3.7% | -0.2 |
| February | 3.1% | -2.2 |
| March | 3.6% | -0.8 |
| April | 3.4% | -1.1 |
| May | 3.7% | -0.8 |
| June | 2.3% | -2.7 |
| July | 2.2% | -3.2 |
| August | 1.5% | -4.6 |
| September | 3.5% | -1.7 |
| Average | 3.0% |
Data source
Data from OECD. Last updated: 26/10/2026. Not all months available yet.