07.07.202605:00:00UTC+00Estonia’s Inflation Cools Sharply in June as CPI Growth Slows to 2.3%

Estonia’s consumer price growth eased significantly in June 2026, with the year-over-year Consumer Price Index (CPI) rising 2.30%, down from 3.70% in May 2026. The latest data, updated on 7 July 2026, indicate a notable deceleration in inflationary pressure compared with the same month a year earlier.

The figures show that price growth in June was markedly weaker than in May on an annual comparison basis, suggesting that inflation is losing momentum as the year progresses. Both the current and previous readings are measured year-over-year, meaning June’s 2.30% reflects how prices have changed since June of the prior year, while May’s 3.70% captured the annual change from May a year earlier.

The sharp slowdown in the CPI may ease cost pressures on households and businesses, and could influence expectations around wage dynamics, spending, and potential future policy decisions. While further data will be needed to confirm a sustained trend, June’s reading points to a cooler inflation environment in Estonia compared with earlier in the year.