---
title: "Estonia’s year-on-year inflation hits a whopping 22%"
id: "64756"
type: "post"
slug: "estonias-year-on-year-inflation-hits-a-whopping-22"
published_at: "2022-07-15T10:31:21+00:00"
modified_at: "2022-07-15T10:31:22+00:00"
url: "https://estonianworld.com/business/estonias-year-on-year-inflation-hits-a-whopping-22/"
markdown_url: "https://estonianworld.com/business/estonias-year-on-year-inflation-hits-a-whopping-22.md"
excerpt: "Estonia’s year-on-year inflation hit a whopping 21.9 per cent in June 2022, according to Statistics Estonia, the country’s official statistics agency; goods were 17.9% and […]"
taxonomy_category:
  - "Business"
publisher: "Estonian World"
language: "en-GB"
author: "Sten Hankewitz"
author_url: "https://estonianworld.com/author/stenhankewitz/"
---

# Estonia’s year-on-year inflation hits a whopping 22%

![Euro banknotes with the Estonian flag. Photo by Shutterstock.](https://estonianworld.com/wp-content/uploads/2017/11/Estonia-money-shutterstock_243975016.jpg)

Euro banknotes with the Estonian flag. Photo by Shutterstock.

By  [Sten Hankewitz](https://estonianworld.com/author/stenhankewitz/)
  ·  July 15, 2022  · [Business](https://estonianworld.com/category/business/)
 · 2 minutes of reading

### Estonia’s year-on-year inflation hit a whopping 21.9 per cent in June 2022, according to Statistics Estonia, the country’s official statistics agency; goods were 17.9% and services 29.7% more expensive than in June last year.

Estonia’s inflation rate was the highest in the eurozone where the average was 8.6 per cent.

Viktoria Trasanov, a leading analyst at Statistics Estonia, said that, compared with June 2021, the consumer price index was affected the most by housing-related price changes, which contributed over 40% of the total rise in the index.

“Electricity that reached homes was 129.6%, heat energy 62.7%, pipeline gas 228.3% and solid fuels 77.3% more expensive. The price changes of transport and food and non-alcoholic beverages both accounted for a fifth of the total increase of the index. Petrol was 51.1% and diesel fuel 67.3% more expensive,” Trasanov said in a statement.

Among food products, the biggest increase compared with June 2021 was recorded in the prices of potatoes (111.5%), eggs (61.9%), fresh fish (57.6%), flour and cereals (54.8%) and spices (53.4%).

Compared with May, the biggest impact on the consumer price index also came from the fuel-related price increases. Gas was 9.9% and diesel fuel 8.4% more expensive. The electricity that reached homes was 11.3% and solid fuels 6% more expensive. The price increase of food and non-alcoholic beverages accounted for nearly a fifth of the total increase.

According to Eurostat, the European Union’s official statistics agency, all the Baltic states had the highest inflation rates in the eurozone – Lithuania 20.5% and Latvia 19%.

The lowest rates were recorded in Malta at 6.1% and France at 6.5%.

## About The Author

![Avatar photo](https://estonianworld.com/wp-content/uploads/local-avatars/15/1707599474-bpfull-100x100.jpg)

[Sten Hankewitz](https://estonianworld.com/author/stenhankewitz/)
Sten Hankewitz is a lifelong journalist and the Executive Editor at Estonian World. Having lived in Estonia, Spain, the UK and all around the US, he now resides in the White Mountains of New Hampshire. He loves to write and besides working at Estonian World, he [writes books](https://estonianworld.com/culture/the-grand-illusion-estonian-worlds-sten-hankewitz-publishes-a-novel-about-growing-up-in-the-soviet-union/)
 and contributes to other outlets. He has strong convictions and shows them unashamedly. You can follow Sten on [Threads](https://www.threads.net/@stenhankewitz)
, [X](https://twitter.com/stenhankewitz)
 and [Facebook](https://www.facebook.com/shankewitz/)
. You can also [email him](mailto:sten@estonianworld.com)
.