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

News
Posted on 7 July 2023, 8:00

According to Statistics Estonia, in June, the consumer price index increased by 0.7% compared with May 2023 and by 9.2% compared with June 2022. Goods were 9.0% and services 9.2% more expensive than in June last year.

Viktoria Trasanov, a team lead at Statistics Estonia, said that, compared with June 2022, the consumer price index was influenced the most by the price increase of food and non-alcoholic beverages, which accounted for almost a half of the total rise. Compared with June last year, fresh vegetables were 37.2%, fresh fruits and berries 34.5%, flour, cereals and cereal products 21.7%, meat and meat products 16.8%, and milk, milk products and eggs 16.2% more expensive. Other edible oils were 6.6% and fresh fish 6.2% cheaper.

“Motor fuels also had a bigger impact on the index change, as petrol was 20.7% and diesel fuel 25.6% cheaper,” added Trasanov.

The last time that the change of the consumer price index compared with the same month of the previous year was smaller than 9.2% was in November 2021 when it was 8.8%.

Consumer price index (June 2022 = 100)

Compared with May, the consumer price index was influenced the most by price changes related to food and non-alcoholic beverages, which accounted for two fifths of the total rise and of which, in turn, nearly a half was contributed by the 9.4% price increase of fresh fruits and berries. Accommodation services were 16.2% more expensive in June and provided more than a fifth of the total index increase.

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

Commodity group

June 2022 –
June 2023, %

May 2023 –
June 2023, %

TOTAL

9.2

0.7

Food and non-alcoholic beverages

19.5

1.3

Alcoholic beverages and tobacco

7.9

0.3

Clothing and footwear

11.2

-1.9

Housing

7.0

0.3

Household goods

11.3

0.3

Health

11.4

0.4

Transport

-7.6

0.0

Communications

5.2

0.8

Recreation and leisure

11.6

2.2

Education

8.9

0.7

Hotels, cafés and restaurants

9.9

4.7

Miscellaneous goods and services

15.4

0.0

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

Photo: Shutterstock

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