Posted: 03.10.2022 11:41:00

Estonia’s September inflation exceeded 24%

In September, inflation in Estonia amounted to 24.1 percent on a year-to-year basis – as noted by the Estonian Statistics Department, TASS reports


According to the ERR portal, the inflation rate in Estonia stood at 24.1 percent in September compared to the same period last year. The level of consumer prices increased by 0.4 percent compared to August of the current year. The department will present the final assessment on October 7th.

Eurostat, the statistical office of the European Union, announced in August that Estonia was on the first line of the rating of the Eurozone countries with the highest inflation. August was the fifth month in a row when the country showed the highest inflation rates among the states of the monetary union. Lithuania and Latvia were also among the three most problematic countries in the Eurozone in terms of inflation. Over the year, prices in these states increased by 21.1 percent and 20.8 percent, respectively.