Analytics, Estonia, Inflation, Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 24.09.2014, 03:24

Annual inflation in Estonia made 3.9% in June 2012

Viktoria Trasanov, Statistics Estonia, 06.07.2012.Print version
According to Statistics Estonia, the change of the consumer price index was 0.1% in June 2012 compared to May and 3.9% compared to June of the previous year.

Goods were 3.2% and services 5.2% more expensive compared to June 2011.

 

Regulated prices of goods and services have risen by 8.4% and non-regulated prices by 2.4% compared to June of the previous year.

 

Compared to June 2011, the index was mainly influenced by housing expenditures which gave almost 40% of the total increase. Of which in turn three quarters gave 11.2% more expensive electricity, heat energy and fuels. Food and non-alcoholic beverages gave a fifth of the total increase, of which 6.7% more expensive meat and meat products accounted for nearly a half. 7.9% more expensive motor fuel gave a tenth of the total increase. Compared to June of the previous year, of food products, the prices of eggs have increased the most (48%) and the prices of potatoes have decreased the most (62%).

 

In June compared to May, the consumer price index was mainly influenced by the seasonal price increase of fruits and vegetables and by the 2.5% price decrease of motor fuel. Compared to the previous month, the prices of tangerines increased the most (37%) and the prices of tomatoes decreased the most (13%).


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

Commodity group     

June 2011 –
June 2012, %

May 2012 –
June 2012, %

TOTAL

3.9

0.1

Food and non-alcoholic beverages

3.5

0.9

Alcoholic beverages and tobacco

5.4

-1.1

Clothing and footwear

5.3

-0.2

Housing

8.9

0.0

Household goods

2.8

-0.1

Health

-0.4

0.5

Transport

4.1

-0.5

Communications

-8.4

-0.1

Recreation and culture

0.1

-0.3

Education

5.7

0.0

Hotels, cafés and restaurants

7.9

1.7

Miscellaneous goods and services

3.6

-0.3






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