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Motor fuel and electricity had the biggest impact on the consumer price index in November

News
Posted on 7. December 2020 8:00

According to Statistics Estonia, in November, the consumer price index rose by 0.1% compared to October. The index fell by 1.1% compared to November 2019, with goods being 1.2% and services 0.9% cheaper.

According to Viktoria Trasanov, leading analyst at Statistics Estonia, compared to November 2019, the price decrease of motor fuel had the biggest impact on the consumer price index. “Diesel fuel prices decreased by 26.9% and petrol prices by 9.1%. Housing services also had a bigger impact, half of which can be attributed to the 2.6% price decrease of electricity, heat energy and heating,” added Trasanov.

Of food products, the price increase was the biggest for baby food (13%) and flour mixes (12.3%), while the biggest decrease was recorded in the prices of potatoes (17.9%), butter (14.9%) and fresh fish (10%).

Compared to October 2020, the consumer price index was affected the most by 2.3% more expensive electricity that reached homes and by 3.2% more expensive diesel fuel, as well as by the end of the sales campaigns that took place in October in several commodity groups. Fresh fruit were 7% cheaper and vegetables 2.3% cheaper than in October.

Change of the consumer price index by commodity groups, November 2020
Commodity group November 2019 – November 2020, % October 2020 – November 2020, %

TOTAL

-1.1

0.1

Food and non-alcoholic beverages

0.7

-0.5

Alcoholic beverages and tobacco

1.0

0.0

Clothing and footwear

-1.2

-1.0

Housing

-2.8

0.5

Household goods

0.9

1.3

Health

3.0

0.0

Transport

-7.3

0.1

Communications

-2.3

-0.3

Recreation and culture

2.0

1.1

Education

2.4

0.0

Hotels, cafés and restaurants

-1.7

0.5

Miscellaneous goods and services

-0.4

0.2

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

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