Analytics, Estonia, Inflation, Markets and Companies

Compared to May 2015, goods were 0.9% and services 1.0% cheaper. Regulated prices of goods and services have fallen by 2.4% and non-regulated prices by 0.3% compared to May of the previous year.

Compared to May 2015, the consumer price index was influenced the most by transport, which became 5.9% cheaper, while petrol became 10% and diesel fuel 13.6% cheaper. The impact of electricity, heat energy and fuels, which became 7.9% cheaper, was nearly as big, with 11.5% cheaper heat energy contributing to almost two-thirds of the change. Out of the products which have become more expensive, alcoholic beverages had the biggest impact on the index, as their prices have increased 8.2% compared to May of the previous year. Compared to May 2015, of food products, the prices of processed fruit and sugar have increased the most (31% and 27%, respectively) and the prices of fresh vegetables have decreased the most (20% cheaper).

In May compared to April, the consumer price index was influenced the most by 11% cheaper fresh vegetables. 14% cheaper plane tickets which were bought for May and 11.6% more expensive accommodation services also had a bigger impact on the index.

Change of the consumer price index by commodity groups, May 2016