Analytics, Estonia, Inflation, Markets and Companies
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Thursday, 25.04.2024, 01:42
Annual inflation in Estonia made 3.9% in August
Compared to August 2016, goods were 3.8% and services
4.1% more expensive. Regulated prices of goods and services have risen by 7.2%
and non-regulated prices by 3.0% compared to August of the previous year.
Compared to August 2016, the consumer price index was
affected the most by 6.4% more expensive food and non-alcoholic beverages,
which contributed more than a third of the total increase of the index. A third
of the latter was contributed by 13.2% more expensive milk, dairy products and
eggs. Alcoholic beverages and tobacco accounted for a fifth of the total
increase of the index, of which three-fifths were contributed by 28% more
expensive beer and a fifth by 8.6% more expensive tobacco products. The price
increase of motor fuel also had a greater impact on the index. Petrol was 9.5%
and diesel fuel 10.2% more expensive than in August 2016. Of food products, the
biggest price increases were seen for butter (44%), low-fat milk (25%) and
olive oil (25%).
The previous time that the change of the consumer
price index compared to the same month of the previous year was greater than
3.9% was in October 2012, when the change was 4.1%.
In August, compared to July, the consumer price index
was affected the most by housing. Electricity that reached homes was 2.4% and
rent for housing 3.5% more expensive. The ending of seasonal sales of clothing
and footwear and 9% less expensive fresh fruit also had a greater impact on the
index change.
Change of the consumer price index by commodity groups, August 2017 |
||
Commodity
group |
August
2016 – |
July 2017
– |
TOTAL |
3.9 |
0.4 |
Food and non-alcoholic beverages |
6.4 |
-0.4 |
Alcoholic
beverages and tobacco |
11.1 |
1.5 |
Clothing
and footwear |
-0.5 |
3.3 |
Housing |
4.2 |
1.3 |
Household
goods |
0.3 |
0.6 |
Health |
0.6 |
-1.1 |
Transport |
4.8 |
0.3 |
Communications |
-5.6 |
0.0 |
Recreation
and culture |
1.5 |
-0.5 |
Education |
4.7 |
0.0 |
Hotels,
cafés and restaurants |
6.8 |
-0.2 |
Miscellaneous
goods and services |
2.8 |
0.2 |
Statistics Estonia publishes the consumer price index
on the 5th working day of each month, after the end of the reporting period.
For the statistical activity “Consumer price index”, the main representative of
public interest is the Ministry of Finance, commissioned by whom Statistics
Estonia collects and analyses the data necessary for conducting the statistical
activity.