Analytics, Estonia, Inflation, Markets and Companies

Compared to February 2014, goods were 1.8% cheaper and services 0.8% more expensive.

Regulated prices of goods and services have fallen by 1.6% and non-regulated prices by 0.6% compared to February of the previous year.

Compared to February 2014, the consumer price index was influenced the most by 16.3% cheaper motor fuel. The 2.5% price decrease of food also had a bigger impact on the index, with meat and meat products being 2.7% cheaper and milk, milk products and eggs being 3.2% cheaper than in the same month of the previous year. Among the commodities whose prices increased, alcoholic beverages and tobacco had a bigger impact on the index, as their prices increased by 5% and 5.1%, respectively. Compared to February of the previous year, of food products, the prices of dried fruit and nuts (25%) and coffee (21%) have increased the most, and the prices of sugar (44%) and potatoes (22%) have decreased the most.

In February compared to January, the consumer price index was also mainly influenced by motor fuel as its prices increased by 6.6%. The increase in the prices of fresh vegetables (16.5%) and alcoholic beverages (3.1%) had a bigger impact on the index as well. Compared to January, of food products, the prices of cabbage and mandarins increased the most (46% and 41%, respectively) and the prices of lemons decreased the most (11%).

Change of the consumer price index by commodity groups, February 2015