🇪🇪Estonia inflation rate

Estonia adopted the euro in 2011. Harmonised inflation (HICP) — the EU-wide measure the European Central Bank targets at 2% — stands at 3.6% as of May 2026. That is 1.6 percentage points above the ECB's 2% target, and 0.4 points above the euro-area average of 3.2%.

The breakdown shows core (excluding energy and food) at 2.5%, energy at 10.5%, food at 2.5% and services at 3.8%. The strongest pressure is in energy (10.5%), while food is the softest (2.5%).

Month on month the headline rose from 3.2% to 3.6%, extending the climb.

As a more recent euro adopter still converging toward western-European income levels, Estonia has tended to run inflation above the euro-area average — a structural pattern (faster catch-up growth lifting wages and services prices) seen across the bloc's central, eastern and Baltic members rather than a quirk of one month.