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In May, more expensive motor fuel had the biggest impact on the year-on-year change of the consumer price index

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Posted on 7. June 2021 8:00

According to Statistics Estonia, in May 2021, the consumer price index increased by 0.9% compared to April 2021 and by 3.6% compared to May 2020. Goods were 2.9% and services 4.4% more expensive than in May last year.

Viktoria Trasanov, leading analyst at Statistics Estonia, said that, compared to May 2020, the consumer price index was influenced the most by price increase of motor fuel. “Both petrol and diesel were 20.2% more expensive. Here, it is important to note that the lowering of several excise duties in May last year no longer had an impact on the year-on-year comparison,” added Trasanov.

A bigger impact on the index came also from 24.6% more expensive electricity that reached homes. Among food products, the biggest rise compared to May 2020 was registered in the prices of fresh fish (25.2%), fresh vegetables (16.1%), flour mixes (11.5%) and baby food (10.2%), and the biggest fall in the price of potatoes (21.6%).

The index for education increased due to discontinued benefits for kindergarten fees, which local governments had offered in connection with the coronavirus pandemic.

The last time that the change of the consumer price index compared to the same month of the previous year was bigger than 3.6% was in October 2018, when it was 4.4%.

Consumer price index (May 2020 = 100)

Compared to April, the consumer price index was affected the most by the reopening of stores, which had been closed or operated under restrictions due to the coronavirus, as well as by the end of sales. Clothing prices went up by 4.1%, footwear by 4.9%, materials for repairs by 5.3% and furniture by 3.9%.

Change of the consumer price index by commodity groups, May 2021
Commodity group May 2020 – May 2021, % April 2021 – May 2021, %

TOTAL

3.6

0.9

Food and non-alcoholic beverages

0.7

0.3

Alcoholic beverages and tobacco

1.1

-0.1

Clothing and footwear

1.7

4.2

Housing

6.4

1.4

Household goods

1.8

2.6

Health

2.0

0.2

Transport

11.1

0.2

Communications

-2.2

0.0

Recreation and culture

3.3

1.1

Education

31.9

16.1

Hotels, cafés and restaurants

0.0

1.3

Miscellaneous goods and services

2.3

-0.4

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 data.

More detailed data have been published in the statistical database.

 

For further information:

Kadri Kütt
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181

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