Analytics, Estonia, Inflation, Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 30.07.2014, 03:57

In May annual inflation Estonia made 3.8%

Olga Nikiforova, Statistics Estonia, 07.06.2012.Print version
According to Statistics Estonia, the change of the consumer price index was -0.1% in May 2012 compared to April and 3.8% compared to May of the previous year.

Goods were 2.9% and services 5.5% more expensive compared to May 2011.

 

Regulated prices of goods and services have risen by 9.6% and non-regulated prices by 1.9% compared to May of the previous year.

 

Compared to May 2011, the index was mainly influenced by housing expenditures which gave almost a half of the total increase. Of which in turn over 40% gave 15.6% more expensive heat energy. Motor fuel was 9.5% more expensive and gave less than a seventh of the total increase. Compared to May of the previous year, of food products, the prices of eggs have increased the most (51%) and the prices of potatoes have decreased the most (63%).

 

The change of the consumer price index compared to the same month of the previous year was below 4% last in December 2011, when it was 3.7%.

 

In May compared to April, the consumer price index was mainly influenced by the 5.2% price decrease of motor fuel, which covered smaller price increases in other commodity groups. The bigger changes occurred in the prices of cucumbers (down 46%) and Chinese cabbage (up 35%).


Change of the consumer price index by commodity groups, May 2012

Commodity group

May 2011 –
May 2012, %

April 2012 –
May 2012, %

TOTAL

3.8

-0.1

Food and non-alcoholic beverages

1.9

0.3

Alcoholic beverages and tobacco

6.2

0.4

Clothing and footwear

6.3

1.3

Housing

10.3

0.5

Household goods

3.6

0.4

Health

-0.8

-0.3

Transport

3.8

-2.3

Communications

-7.8

-0.1

Recreation and culture

0.6

-0.1

Education

5.9

0.0

Hotels, cafés and restaurants

5.5

2.0

Miscellaneous goods and services

3.6

-0.4






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