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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 06:33

In January, annual deflation in Estonia made 0.6%

Viktoria Trasanov, Statistics Estonia, 05.02.2016.Print version
According to Statistics Estonia, in January 2016, the change of the consumer price index was –0.1% compared to December 2015 and –0.6% compared to January of the previous year.

Compared to January 2015, goods were 0.5% and services 0.7% cheaper. Regulated prices of goods and services have fallen by 2.8% and non-regulated prices have risen by 0.1% compared to January of the previous year.

 

Compared to January 2015, the consumer price index was influenced the most by transport, half the influence of which was given by motor fuel, which was 7.2% cheaper. 11.6% cheaper heat energy and 8.7% cheaper milk, dairy products and eggs also had a bigger impact on the index. Compared to January 2015, 4% more expensive alcoholic beverages also had a more notable impact on the index. Out of fuels, the prices of liquid fuel have increased the most (up by 25%) and the prices of gas have decreased the most (down by 18%) compared to January 2015.

 

Compared to December 2015, the consumer price index was influenced the most by expenditure on housing. In connection to that, the electricity that arrived at homes was 10.1% and rent was 5.4% more expensive. Transport also had a bigger impact on the index, as the prices of motor fuel decreased by 3% and the plane tickets bought for January were 15% cheaper. Moreover, widespread sales of clothing and footwear were taking place.

 

Due to continuous changes in consumption patterns and prices, Statistics Estonia updates the weights system of the consumer price index and the representative goods every year. In 2016, the weights system of the consumer price index corresponds to the average expenditure structure of the population in 2015. The base prices used for calculations are December prices of the year 2015. To ensure comparability with previous periods, the consumer price index is continued to be published on the base 1997 = 100. The linking month is December 2015. The consumer price index is published on the 5th working day of the month following the end of the reference month. The table presents the expenditure structure (weights) used in 2015, as well as the expenditure structure used since the index of January 2016.


Consumer price index by commodity groups, January 2016

Commodity group

Weight 2015, ‰

Weight 2016, ‰

December 2015 – January 2016, %

January 2015 – January 2016, %

TOTAL

1000.0

1000.0

-0.1

-0.6

Food and non-alcoholic beverages

233.3

232.4

0.0

-0.8

Alcoholic beverages and tobacco

80.5

73.1

1.3

3.6

Clothing and footwear

49.2

56.8

-3.8

4.4

Housing

174.9

143.4

2.4

-2.2

Household goods

49.8

60.0

-0.6

0.7

Health

42.0

52.0

0.8

1.9

Transport

142.9

137.4

-2.3

-5.4

Communications

46.5

47.8

-0.2

-0.6

Recreation and culture

79.9

88.9

-0.4

2.6

Education

13.1

12.0

4.4

-13.5

Hotels, cafés and restaurants

36.0

43.1

0.4

3.6

Miscellaneous goods and services

51.9

53.1

-0.5

2.1






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