In March, the consumer price index was influenced the most by motor fuel

News
Posted on 8 April 2015, 11:00

According to Statistics Estonia, the change of the consumer price index in March 2015 was 0.6% compared to February 2015 and -0.6% compared to March of the previous year.

Compared to March 2014, goods were 1.0% cheaper and services 0.3% more expensive.

Regulated prices of goods and services have fallen by 0.4% and non-regulated prices by 0.6% compared to March of the previous year.

Compared to March 2014, the consumer price index was influenced the most by 11.3% cheaper motor fuel and 2.4% cheaper food. Milk and milk products were 3.5% and vegetables 7.3% cheaper than in the same month of the previous year. Among the commodities the prices of which increased, alcoholic beverages had a bigger impact on the index, as their prices increased by 6.2% over the year. Compared to March of the previous year, of food products, the prices of coffee (22.5%) and dried fruit and nuts (22%) have increased the most, and the prices of sugar (39%) and potatoes (20%) have decreased the most.

In March compared to February, the consumer price index was influenced the most by motor fuel as its prices increased by 4.6%. 35% more expensive plane tickets, the end of the sales of clothing and footwear, and 2.4% cheaper electricity that arrived at homes also had a bigger impact on the index. Compared to February, of food products, the prices of buckwheat and Chinese cabbage increased the most (19% and 14%, respectively) and the prices of kiwis decreased the most (12%).
Change of the consumer price index by commodity groups, March 2015
Commodity group March 2014 –
March 2015, %
February 2015 –
March 2015, %
TOTAL -0,6 0,6
Food and non-alcoholic beverages -1,7 0,3
Alcoholic beverages and tobacco 5,0 0,3
Clothing and footwear 2,5 2,6
Housing -0,2 -0,6
Household goods 0,8 -0,2
Health 3,4 0,0
Transport -6,2 2,7
Communications -0,2 -0,2
Recreation and culture 1,3 0,2
Education -20,7 0,3
Hotels, cafés and restaurants 2,7 0,1
Miscellaneous goods and services 3,4 1,3