Motor fuel and food had the biggest impact on the consumer price index

News
Posted on 7. October 2020 8:00

According to Statistics Estonia, the change of the consumer price index in September 2020 was -0.3% compared to August 2020 and -1.1% compared to September 2019. Year on year, goods were 0.7% and services 1.7% cheaper.

Viktoria Trasanov, leading analyst at Statistics Estonia, said that compared to September 2019, the consumer price index was affected the most by price decreases of diesel fuel and petrol, which were respectively 26% and 7.8% cheaper. “Another significant contributor to the index change was housing services, as electricity that reached homes was 9% cheaper than last year. Plane tickets bought for September and accommodation services were nearly 23% cheaper,” added Trasanov.

Compared to September 2019, of food products, prices fell the most for potatoes (25%) and fresh vegetables (12%) and increased for baby food (11.3%) and crisps (10.6%).

Regulated prices of goods and services fell by 5.7% and non-regulated prices rose by 0.2% year on year.

Compared to August, in September, the consumer price index was affected the most by price decrease of food, mainly on account of 11.4% cheaper vegetables and 6.3% cheaper fruit, as well as by the end of sales of clothing and footwear.

Change of the consumer price index by commodity groups, September 2020

Commodity group

September 2019 – September 2020, %

August 2020 – September 2020, %

TOTAL

-1,1

-0,3

Food and non-alcoholic beverages

1,3

-1,7

Alcoholic beverages and tobacco

0,6

0,7

Clothing and footwear

1,0

5,9

Housing

-3,7

-0,1

Household goods

0,0

0,4

Health

2,8

-0,3

Transport

-7,4

-2,0

Communications

-2,1

-0,1

Recreation and culture

2,3

0,2

Education

2,4

0,5

Hotels, cafés and restaurants

-2,9

-0,1

Miscellaneous goods and services

1,2

0,3

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:

Kaia-Liisa Tabri
Communications Partner
Marketing and Dissemination Department
Statistics Estonia
Tel +372 507 0521