In February, the consumer price index was again influenced the most by rising food prices

News
Posted on 7 March 2023, 8:00

According to Statistics Estonia, in February, the consumer price index increased by 0.6% compared with January and by 17.6% compared with February 2022. Goods were 17.2% and services 18.5% more expensive than in February last year.

Viktoria Trasanov, leading analyst at Statistics Estonia, said that, compared with February 2022, the consumer price index was influenced the most by price increases of food and non-alcoholic beverages, which accounted for a third of the total rise. Among food products, the biggest increases occurred in the prices of sugar (104.2%), flour and cereals (49.7%), sauces (48.9%), and eggs (44.8%). Housing-related price changes accounted for a quarter of the total increase. Solid fuels were 66.7%, electricity that reached homes 63.8%, heat energy 36.2% and gas 11.8% more expensive. Transport contributed less than a tenth of the rise in the index. Petrol was 4.5% and diesel fuel 14.3% more expensive.

Consumer price index (February 2022 = 100)

Compared with January, the consumer price index in February was, on the one hand, influenced the most by the rising prices of food and non-alcoholic beverages – two fifths of this increase were due to the 16.5% higher prices of fresh vegetables – and, on the other hand, by 20.1% cheaper gas, 6.6% cheaper solid fuels and 1.8% cheaper rents.

Change in the consumer price index by commodity group, February 2023

Commodity group

February 2022 –
February 2023, %

January 2023 –
February 2023, %

TOTAL

17.6

0.6

Food and non-alcoholic beverages

25.2

1.9

Alcoholic beverages and tobacco

7.8

0.8

Clothing and footwear

12.3

1.3

Housing

32.4

−2.3

Household goods

16.5

0.4

Health

8.8

1.0

Transport

8.9

0.5

Communications

5.4

0.0

Recreation and leisure

14.4

1.8

Education

9.0

0.6

Hotels, cafés and restaurants

16.7

1.9

Miscellaneous goods and services

16.0

1.0

See also the consumer price index calculator and the prices section on the 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:

Helen Maria Raadik
Media Relations Manager

Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181

press [at] stat.ee

 

Photo: Shutterstock

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