Consumer price index increased in 2008
According to Statistics Estonia, the percentage change of the consumer price index in 2008 compared to the average of 2007 was 10.4%.
In 2008 compared to the previous year, the prices of goods increased by 9.3%, of which the prices of food products by 14.7% and the prices of manufactured goods by 5.1%. The prices of services rose by 12.3%.
The consumer price index was mainly influenced by the increase in the expenditures on housing, as well as by the increase in the prices of food, motor fuel, alcoholic beverages and tobacco.
In 2008 compared to the average of the previous year, the prices of heat energy increased by 42.8%, the prices of dairy products by 23.2% and the prices of motor fuel by 21.3%. The prices of alcoholic beverages rose 14.2% and tobacco 20.7% — this was caused to a large extent by excise duty rates which increased twice during the year, but it was not the only reason.
Change of the consumer price index by commodity groups, 2008
|Commodity group||2007–2008, %|
|Food and non-alcoholic beverages||14.2|
|Alcoholic beverages and tobacco||15.9|
|Clothing and footwear||3.8|
|Recreation and culture||2.4|
|Hotels, cafés and restaurants||13.3|
|Miscellaneous goods and services||8.9|
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