🇪🇪Estonia inflation rate
released 19 Aug 2026 · data through July 2026 · next release expected 31 Aug 2026
Estonia adopted the euro in 2011. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 2.0% as of July 2026. That is exactly on the ECB's 2% target, and 1.0 point below the eurozone average of 3.0%.
The breakdown shows core (excluding energy and food) at 1.4%, energy at 8.7%, food at 0.2% and services at 2.2%. The strongest pressure is in energy (8.7%), while food is the softest (0.2%).
Month on month the headline held from 2.0% to 2.0%, unchanged on the month.
Estonia ranks number 25 of 30 European economies by annual inflation, from highest to lowest, between Malta and Denmark.
Estonia's harmonised inflation is 2.0% as of July 2026 — abovethe European Central Bank's 2% target.
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 2.0% as of July 2026.
- Is Estonia's inflation above or below the ECB's 2% target?
- At 2.0%, Estonia's inflation is exactly on the European Central Bank's 2% target.
- How does Estonia's inflation compare with the rest of Europe?
- Estonia ranks number 25 of 30 European economies by inflation, 1.0 points below the eurozone average of 3.0%.
- Did Estonia's inflation rise or fall last month?
- Month on month, the headline rate held from 2.0% to 2.0% in July 2026.