Analytics, Estonia, Inflation, Markets and Companies

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 00:37

In 2014, 0.1% deflation registered in Estonia

Viktoria Trasanov, Statistics Estonia, 08.01.2015.Print version
According to Statistics Estonia, the consumer price index decreased 0.1% in 2014 compared to the average of 2013.

The annual change of the consumer price index was mainly influenced by the 6.2% price decrease of electricity that arrived at homes. The increase in the prices of alcoholic beverages (6.7%) and tobacco (3.1%), and the 3.8% decrease in motor fuel prices also had a bigger impact on the index.

 

In 2014, of food products, the prices of conserved milk (12%) increased the most and the prices of sugar (30%), potatoes (19%) and apples (18%) decreased the most, compared to the average of 2013.

 

In the last fifteen years, the annual change of the consumer price index was negative in 2009 as well, when it was also -0.1%.


Change of the consumer price index by commodity groups, 2014

Commodity group

2013 – 2014, %

TOTAL

-0.1

Food and non-alcoholic beverages

0.0

Alcoholic beverages and tobacco

4.1

Clothing and footwear

1.2

Housing

-1.4

Household goods

0.9

Health

3.4

Transport

-2.6

Communications

-5.3

Recreation and culture

2.1

Education

-16.7

Hotels, cafés and restaurants

4.6

Miscellaneous goods and services

2.3






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