Food prices had the biggest impact on the consumer price index in October

News
Posted on 7 November 2023, 8:00

According to Statistics Estonia, in October, the consumer price index fell by 0.4% compared with September and rose by 4.9% compared with October 2022. Goods were 3.7% and services 7.0% more expensive than in October last year.

Viktoria Trasanov, a team lead at Statistics Estonia, said that, compared with October 2022, the consumer price index was influenced the most by the price increase of food and non-alcoholic beverages, which accounted for nearly a third of the total rise. Compared with October last year, meat and meat products were 9.5%, flour, cereals and cereal products 10.1%, and sugar, confectionery and preserves 9.8% more expensive. Fresh vegetables, however, were 10.1% cheaper. Petrol was 5.4% and diesel 11.9% cheaper.

Last year, partial energy price compensation measures for electricity, gas, and district heating came into force in October, and the consumer price index fell by 1.1% over the course of a month. No such significant drop was seen this year and the change in the consumer price index increased from 4.2% in September to 4.9% in October compared with the same month of the previous year," Trasanov added.

Consumer price index (October 2022 = 100)

Compared with September, the consumer price index was affected the most by the 1.1% price decrease of food and non-alcoholic beverages, which accounted for more than a half of the total fall.

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

Commodity group

October 2022 –
October 2023, %

September 2023 –
October 2023, %

TOTAL

4.9

-0.4

Food and non-alcoholic beverages

6.7

-1.1

Alcoholic beverages and tobacco

5.0

0.1

Clothing and footwear

7.7

0.7

Housing

5.5

0.7

Household goods

5.3

-1.1

Health

9.0

0.4

Transport

-2.4

-0.6

Communications

1.4

-0.2

Recreation and leisure

6.1

-1.9

Education

7.5

 0.0

Hotels, cafés and restaurants

7.4

-1.1

Miscellaneous goods and services

6.1

-0.1

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.

When using Statistics Estonia’s data and graphs, please indicate the source.

For further information:

Helen Maria Raadik
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181

press [at] stat.ee (press[at]stat[dot]ee)

Photo: Shutterstock

 

On 23 February, the phone line of Statistics Estonia’s customer support is open until 12:00 pm. Happy anniversary of the Republic of Estonia!