Analytics, Estonia, Inflation, Markets and Companies

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