In November, the consumer price index was affected the most by food and motor fuel
According to Statistics Estonia, the change of the consumer price index in November 2017 was 0.5% compared to October 2017 and 4.2% compared to November of the previous year.
Compared to November 2016, goods were 5.4% and services 2.1% more expensive. Regulated prices of goods and services have risen by 8.3% and non-regulated prices by 3.1% compared to November of the previous year.
Compared to November 2016, the consumer price index was affected the most by 7.8% more expensive food and non-alcoholic beverages, which contributed two fifths of the total increase of the index. Milk, dairy products and eggs became 13.3%, vegetables 17.2% and fruit 14.6% more expensive. Motor fuel contributed a fifth and alcoholic beverages and tobacco another fifth of the total increase of the index. A half of the impact of alcoholic beverages and tobacco came from 27.2% more expensive beer. Both petrol and diesel fuel were 16% more expensive than in November 2016. Of food products, compared to November 2016, the biggest price increases were seen for butter (54%), potatoes (28%) and fresh vegetables (23%).
The previous time that the change of the consumer price index compared to the same month of the previous year was greater than 4.2% was in March 2012, when the change was 4.4%.In November, compared to October, the consumer price index was affected the most by 7.8% more expensive motor fuel. 1% more expensive food also had a greater impact on the monthly change of the index.
|Commodity group||November 2016 – November 2017, %||October 2017 – November 2017, %|
|Food and non-alcoholic beverages||7.8||1.0|
|Alcoholic beverages and tobacco||12.2||-0.4|
|Clothing and footwear||1.8||-0.6|
|Recreation and culture||1.2||-0.9|
|Hotels, cafés and restaurants||6.3||-0.3|
|Miscellaneous goods and services||4.1||1.3|
Statistics Estonia publishes the consumer price index on the 5th working day of each month, after the end of the reporting period. For the statistical activity “Consumer price index”, the main representative of public interest is the Ministry of Finance, commissioned by whom Statistics Estonia collects and analyses the data necessary for conducting the statistical activity.
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