Analytics, Estonia, Inflation, Markets and Companies

Compared to June 2017, goods were 4.1% and services 3.9% more expensive. Regulated prices of goods and services have risen by 11.2% and non-regulated prices by 2.1% compared to June of the previous year.

Compared to June 2017, the consumer price index was affected the most by motor fuel and housing, each contributed nearly one quarter of the total increase. Petrol was 17.8% and diesel fuel 17% more expensive than in June 2017. Housing expenditures were affected the most by 14.3% more expensive electricity that reached homes and by 10.8% higher rents. Over a fifth of the total increase was contributed by 15.7% more expensive alcoholic beverages and by 6.4% more expensive tobacco. 60% of this was contributed by beer, which became 35.2% more expensive. Compared to June of the previous year, of food products, the biggest price increases were seen for eggs (31%), and for frozen fruit and berries (30%) and the biggest price decreases for potatoes (23%) and sugar (21%).

The previous time that the change of the consumer price index compared to the same month of the previous year was over 4% was in November 2017, when the change was 4.2%.

Compared to May, in June the consumer price index was affected the most by housing, which contributed nearly half of the total increase. Housing expenditures were affected the most by 9% more expensive electricity that reached homes and by 5.6% higher rents. A greater impact on the monthly change was also exerted by transport, where motor fuel became 2.6% more expensive and plane tickets were 11.8% more expensive than the ones bought for May.

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.