Analytics, Estonia, Inflation, Markets and Companies
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Thursday, 02.05.2024, 00:11
Consumer price index decreased for the 4th consecutive month in Estonia in September
Compared to September 2014, goods were 1.2% cheaper and services 0.2% more expensive. Regulated prices of goods and services have fallen by 3.2% and non-regulated prices risen by 0.1 % compared to September of the previous year.
Compared to September 2014, the consumer price index was influenced the most by motor fuel, which has become 18.3% cheaper. 5.1% cheaper electricity, heat energy and fuels also had a bigger impact on the index, as heat energy was 5.1% and the electricity that arrived at homes 4.7% cheaper than in the same month of the previous year. The prices of milk and dairy products have decreased 7.1%. Out of the products, which became more expensive, alcoholic beverages had the biggest impact on the index, as their prices have increased 7.3% compared to the previous year. Compared to September 2014, of food products, the prices of dried fruit and nuts (24%) and fish (14%) have increased the most, whereas the prices of milk and butter have decreased the most (15% and 8%, respectively).
Compared to August 2015, the consumer price index was influenced the most by motor fuel, the prices of which fell 4.9%. The implementation of the higher education reform, which enables free higher education for all first-, second- and third-year students who have begun full-time studies in a higher education institution on a programme taught in Estonian, and the end of the summer sales of clothing and footwear also had a bigger impact on the index.
Change of the consumer price index by commodity groups, September 2015
Commodity group |
September 2014 – September 2015, % |
August 2015 – September 2015, % |
TOTAL |
-0.7 |
-0.6 |
Food and non-alcoholic beverages |
-0.5 |
-0.8 |
Alcoholic beverages and tobacco |
5.7 |
0.3 |
Clothing and footwear |
2.4 |
4.9 |
Housing |
-2.1 |
0.0 |
Household goods |
1.2 |
0.2 |
Health |
3.1 |
0.2 |
Transport |
-9.0 |
-3.4 |
Communications |
3.3 |
1.0 |
Recreation and culture |
2.2 |
0.5 |
Education |
-14.7 |
-17.8 |
Hotels, cafés and restaurants |
1.0 |
-1.8 |
Miscellaneous goods and services |
2.8 |
0.7 |