What is Estonia's current inflation rate?

Estonia's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 3.0% as of September 2026 This is a flash estimate and may be revised at the final release..

Is Estonia's inflation above or below the ECB's 2% target?

At 3.0%, it is 1.0 percentage points above the European Central Bank's 2% target.

How does Estonia's inflation compare with the rest of Europe?

Estonia ranks number 21 of 30 European economies by inflation, 0.8 points below the eurozone average of 3.8%.

Did Estonia's inflation rise or fall last month?

Month on month, the headline rate rose from 1.3% to 3.0% in September 2026.

🇪🇪Estonia inflation rate

released 2 Oct 2026 · data through September 2026 · flash estimate · next release expected 17 Oct 2026

Estonia adopted the euro in 2011. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 3.0% as of September 2026. That is 1.0 percentage point above the ECB's 2% target, and 0.8 points below the eurozone average of 3.8%.

The breakdown shows core (excluding energy and food) at 1.4%, energy at 16.0%, food at 0.5% and services at 2.0%. The strongest pressure is in energy (16.0%), while food is the softest (0.5%).

Month on month the headline rose from 1.3% to 3.0%, extending the climb.

Estonia ranks number 21 of 30 European economies by annual inflation, from highest to lowest, between Slovakia and Netherlands.

Harmonised inflation (HICP) · annual rate

3.0%

vs 2% target

+1.0 pp

Harmonised inflation (HICP) is 3.0% as of September 2026 — that is 1.0 percentage point above the ECB's 2% target.

core (excluding energy and food)

1.4%

▲ 0.5 pp vs prev

energy

16.0%

▲ 8.6 pp vs prev

food

0.5%

▲ 1.4 pp vs prev

services

2.0%

▲ 0.4 pp vs prev

Estonia — annual HICP inflation rate, last 10 years

Source: Eurostat (HICP) · data through September 2026 · modifications: none

Compare with the rest of Europe on the European inflation ranking →

Frequently asked questions

What is Estonia's current inflation rate?: Estonia's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 3.0% as of September 2026 This is a flash estimate and may be revised at the final release..
Is Estonia's inflation above or below the ECB's 2% target?: At 3.0%, it is 1.0 percentage points above the European Central Bank's 2% target.
How does Estonia's inflation compare with the rest of Europe?: Estonia ranks number 21 of 30 European economies by inflation, 0.8 points below the eurozone average of 3.8%.
Did Estonia's inflation rise or fall last month?: Month on month, the headline rate rose from 1.3% to 3.0% in September 2026.

🇪🇪Estonia inflation rate

Frequently asked questions

Estonia — more indicators