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International Internet Magazine. Baltic States news & analytics Wednesday, 23.09.2020, 19:14

Estonia's consumer price index down 0.9% on year in July

BC, Tallinn, 07.08.2020.Print version
According to Statistics Estonia, the change of the consumer price index in July 2020 was 0.0% compared to June 2020 and -0.9% compared to July 2019. Goods were 0.2% and services 2.0% cheaper.

According to Viktoria Trasanov, leading analyst at Statistics Estonia, in July 2020, compared to July 2019, the consumer price index was affected the most by cheaper motor fuel. “Diesel fuel was 23.7% and petrol 7.7% cheaper. Another significant contributor to the index change was housing services, as electricity that reached homes was 16.1% and rent 8.9% cheaper than last year. Accommodation services prices dropped by nearly a quarter,” added Trasanov.

An opposite effect to the index came mainly from more expensive food and non-alcoholic beverages. The main contributors were more expensive fruit (18%) and meat and meat products (6.3%). Of food products, prices fell the most for potatoes (30%), fresh fish (14%) and butter (10%) and increased for fresh fruit and berries (23%).

Compared to July 2019, regulated prices of goods and services fell by 7.2% and non-regulated prices rose by 0.8%.

Compared to June, the consumer price index was affected the most by 7% cheaper electricity that reached homes as well as 3.6% more expensive petrol and 4.3% more expensive vegetables.

Change of the consumer price index by commodity groups, July 2020
Commodity groupJuly 2019 – July 2020, %June 2020 – July 2020, %
Food and non-alcoholic beverages2.40.4
Alcoholic beverages and tobacco-1.00.9
Clothing and footwear3.2-0.5
Household goods0.1-0.6
Recreation and culture2.90.4
Hotels, cafés and restaurants-3.80.4
Miscellaneous goods and services0.80.0

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