Analytics, Estonia, Inflation, Retail, Statistics

International Internet Magazine. Baltic States news & analytics Wednesday, 22.05.2019, 10:12

Consumer Price Index in Estonia in December

Viktoria Trasanov Leading Analyst Economic and Environmental Statistics Department Statistics Estonia, 09.01.2019.Print version
According to Statistics Estonia, the change of the consumer price index in December 2018 was -0.3% compared to November 2018 and 3.4% compared to December 2017.

Compared to December 2017, goods were 2.1% and services 5.9% more expensive. Regulated prices of goods and services have risen by 6.6% and non-regulated prices by 2.6% compared to December 2017.

Compared to December 2017, the consumer price index was affected the most by housing, which contributed nearly 40% of the total increase of the index. Electricity that reached homes turned 18.4% more expensive, solid fuels 20.7%, heating energy 5.8% and gas 8.8% more expensive compared to December 2017. Food and non-alcoholic beverages and alcoholic beverages and tobacco contributed each a ninth of the total increase. Compared to December 2017, petrol was 1.8% more expensive and diesel fuel 5.4% more expensive. Of food products, the biggest price increases compared to December 2017 were seen for fresh vegetables (27%), ready-made meals (12%) and potatoes (12%) and the biggest price decreases for sugar (24%), butter (13%) and fresh fish (12%).

Compared to November, the consumer price index in December was affected the most by transport. Petrol turned 6.6% cheaper and diesel fuel 4.3% cheaper over the month, while the plane tickets bought for December were 15% more expensive than the tickets bought for November.

Change of the consumer price index by commodity groups, December 2018
Commodity groupDecember 2017 – December 2018, %November 2018 – December 2018, %
Food and non-alcoholic beverages1.80.0
Alcoholic beverages and tobacco5.8-0.6
Clothing and footwear1.2-1.5
Household goods1.9-0.1
Recreation and culture7.12.1
Hotels, cafés and restaurants3.6-0.8
Miscellaneous goods and services2.90.3

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