FX.co ★ Estonia’s Annual Inflation More Than Doubles in September, Hitting 3.5%

Estonia’s consumer price inflation accelerated sharply in September 2026, with the year-over-year Consumer Price Index (CPI) rising to 3.50%, up from 1.50% in August 2026. The latest data, updated on 7 October 2026, show that annual price growth has more than doubled in just one month.

Both figures are calculated on a year-over-year basis, comparing each month’s price levels with those of the same month a year earlier. While August’s print had suggested relatively subdued inflation pressures, September’s reading points to a renewed pickup in price growth across the Estonian economy.

The jump in CPI will likely draw attention from policymakers, businesses, and consumers alike, as it may signal a shift away from the recent period of relatively moderate inflation. Market participants will be watching upcoming data closely to assess whether September marks the beginning of a more persistent upward trend in prices or a temporary spike.