Consumer price index continued to fall in October

News
Posted on 6. November 2020 8:00

According to Statistics Estonia, the change of the consumer price index in October 2020 was -0.5% compared to September 2020 and -1.5% compared to October 2019. Year on year, goods were 0.9% and services 2.4% cheaper.

Viktoria Trasanov, leading analyst at Statistics Estonia, said that compared to October 2019, the consumer price index was affected the most by price decreases of motor fuel and plane tickets. “Diesel fuel prices dropped by 28.3% and gasoline prices by 8.3%. Plane tickets bought for October were 42% cheaper than last year,” added Trasanov.

An opposite effect on the year-on-year change of the consumer price index came from 2% price increase of food, including 12.5% more expensive fresh fruit and 4.4% more expensive meat and meat products. Compared to October 2019, of food products, higher price increases were also seen for flour mixes (10.9%) and baby food (10.5%), while prices fell for butter (12.2%) and frozen fruit and berries (11.8%).

Regulated prices of goods and services fell by 6.0% and non-regulated prices by 0.3% year on year.

Compared to September, the consumer price index was affected by various sales campaigns in many commodity groups in October. In addition, plane tickets bought for October were 13.5% cheaper and hotel services 10% cheaper than in September.

Change of the consumer price index by commodity groups, October 2020
Commodity group October 2019 – October 2020, % September 2020 – October 2020, %
TOTAL -1.5 -0.5
Food and non-alcoholic beverages 1.8 -0.7
Alcoholic beverages and tobacco 0.3 -0.9
Clothing and footwear -0.8 -0.1
Housing -3.5 0.1
Household goods 0.0 -0.4
Health 2.8 0.6
Transport -9.2 -0.6
Communications -2.1 -0.6
Recreation and culture 1.0 -0.5
Education 2.4 0.0
Hotels, cafés and restaurants -2.5 -1.8
Miscellaneous goods and services 0.1 -1.2

The consumer price index calculator is now available on the website of Statistics Estonia. Compare the index change year to year, quarter to quarter or month to month.

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.

See the prices section on our website.

 

For further information:

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

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