Time left until the start of the population and housing census

Motor fuel had the biggest impact on the consumer price index last year

News
Posted on 8. January 2021 8:05

According to Statistics Estonia, in 2020, the consumer price index decreased by 0.4% compared to the average of 2019.

Viktoria Trasanov, leading analyst at Statistics Estonia, said that motor fuel had the biggest impact on the annual change of the consumer price index, as diesel fuel was 17% and petrol 6.4% cheaper. “A significant impact on the change of the index also came from the 10.5% price decrease of electricity that reached homes and from the 2.2% increase in food prices. The main contributors to the latter were 17% more expensive fresh fruit and 5.4% more expensive meat and meat products. Potatoes were 23% cheaper and fresh vegetables 12% cheaper,” said Trasanov.

Change of the consumer price index by commodity groups, 2020
Commodity group 2019–2020, %
TOTAL -0,4
Food and non-alcoholic beverages 2,1
Alcoholic beverages and tobacco -1,5
Clothing and footwear 0,1
Housing -3,7
Household goods 0,6
Health 3,0
Transport -4,9
Communications -1,8
Recreation and culture 3,4
Education -1,8
Hotels, cafés and restaurants -0,9
Miscellaneous goods and services 1,0
Consumer price index, 2010 = 100 (2010–2020)

In December 2020, the consumer price index fell by 0.8% compared to December 2019, and remained on the same level compared to November 2020. Compared to December 2019, goods were 1.6% cheaper and services 0.6% more expensive.

Compared to December 2019, the consumer price index was again affected the most by the price decrease of motor fuel. The prices of diesel fuel fell by 25.7% and the prices of petrol by 12.5%. Of food products, the biggest increase occurred in the prices of flour mixes (17%), crisps (12%) and baby food (11%), while the biggest decrease was recorded in the prices of fresh fish (26%), potatoes (18%), olive oil (13%) and butter (12%).

Compared to November, the consumer price index of December 2020 was affected the most by the slight price increase of transport services and electricity that reached homes, by the slightly cheaper prices of food and non-alcoholic beverages, and by the start of sales on clothing and footwear.

Change of the consumer price index by commodity groups, December 2020
Commodity group December 2019 –
December 2020, %
November 2020 –
December 2020, %
TOTAL -0,8 0,0
Food and non-alcoholic beverages -0,2 -0,9
Alcoholic beverages and tobacco 1,6 -0,3
Clothing and footwear -1,4 -2,0
Housing 0,4 1,1
Household goods 1,0 -0,7
Health 2,9 0,2
Transport -7,3 1,8
Communications -2,1 -0,3
Recreation and culture 1,4 -0,6
Education 2,4 0,0
Hotels, cafés and restaurants -1,8 -0,3
Miscellaneous goods and services 1,5 0,5

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. The data help to get an overview of the situation in Estonia, allowing ministries to make informed decisions.

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

Photo: Shutterstock