The consumer price index rose by 3.5% in 2024
According to Statistics Estonia, in 2024, the consumer price index increased by 3.5% compared with the average of 2023. Price changes related to food and non-alcoholic beverages had the biggest impact on the consumer price index in 2024.
Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the biggest impact on the consumer price index in 2024 came from price increases related to food and non-alcoholic beverages, which accounted for 23.7% of the total index rise. The prices of food and non-alcoholic beverages rose by 3.2% last year. “Among food products, the biggest rise occurred in the prices of olive oil (44%) and juices and syrups (36.7%). The prices of chocolate also went up significantly (14.5%). On the other hand, there was a considerable decrease in the prices of sugar (18%) and fresh vegetables (11.6%). Petrol was 2.7% and diesel fuel 4.4% cheaper,” said Veski.
Change in the consumer price index by commodity group compared with previous year, 2024
Commodity group | 2023–2024, % |
TOTAL | 3.5 |
Food and non-alcoholic beverages | 3.2 |
Alcoholic beverages and tobacco | 6.8 |
Clothing and footwear | 0.9 |
Housing | 0.3 |
Household goods | 2.7 |
Health | 8.1 |
Transport | 1.8 |
Communications | 8.5 |
Recreation and leisure | 5 |
Education | 7.5 |
Hotels, cafés and restaurants | 4.6 |
Miscellaneous goods and services | 6.5 |
In December 2024, the consumer price index increased by 0.1% compared with November 2024 and by 3.9% compared with December 2023. Goods were 3.2% and services 5.1% more expensive than in December 2023.
Veski said that, compared with December 2023, the consumer price index in December 2024 was affected the most by price changes related to food and non-alcoholic beverages. “Among food products, the prices of juices and syrups, primarily orange juice, increased the most, by 68.1%. Chocolate was 36%, frozen fruits and vegetables 35.7% and olive oil 23.9% more expensive. The prices of petrol and diesel fuel had been in decline for a while but, by December, returned to a similar level as in December 2023,” explained Veski.
Compared with November, the consumer price index in December 2024 was influenced the most by rising prices in transport – petrol was 3.2% and diesel fuel 5% more expensive, and there was also a rise in the prices of international flights and holiday trips which fluctuate more month to month.
Change in the consumer price index by commodity group, December 2024
Commodity group | December 2023 – | November 2024 – |
TOTAL | 3.9 | 0.1 |
Food and non-alcoholic beverages | 5.4 | -0.6 |
Alcoholic beverages and tobacco | 7 | -1.1 |
Clothing and footwear | 1 | -0.5 |
Housing | -0.2 | 0.3 |
Household goods | 2.1 | -0.2 |
Health | 6.5 | -0.1 |
Transport | 3.2 | 2.3 |
Communications | 8.1 | -2.2 |
Recreation and leisure | 4.3 | 1.6 |
Education | 7 | 0 |
Hotels, cafés and restaurants | 4.5 | 0.5 |
Miscellaneous goods and services | 6.5 | -0.5 |
See also the consumer price index calculator and the prices section on our website.
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.
More detailed data have been published in the statistical database.
For further information:
Heidi Kukk
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181
press [at] stat.ee (press[at]stat[dot]ee)