The consumer price index rose by 9.2% in 2023
According to Statistics Estonia, in 2023, the consumer price index increased by 9.2% compared with the average of 2022. Price changes related to food and non-alcoholic beverages had the biggest impact on the consumer price index in 2023.
Viktoria Trasanov, a team lead at Statistics Estonia, said that the biggest impact on the consumer price index in 2023 came from price increases related to food and non-alcoholic beverages, which accounted for almost two fifths of the total rise. “Among food products, the biggest increase occurred in the prices of sugar (42.2%), cocoa (29.9%), olive oil (26.6%) and sauces (25.6%). Petrol was 7.4% and diesel fuel 10.7% cheaper,” said Trasanov.
|
Commodity group |
2022–2023, % |
|---|---|
|
TOTAL |
9.2 |
|
Food and non-alcoholic beverages |
15.8 |
|
Alcoholic beverages and tobacco |
7.0 |
|
Clothing and footwear |
10.3 |
|
Housing |
8.5 |
|
Household goods |
10.6 |
|
Health |
9.8 |
|
Transport |
-0.9 |
|
Communications |
3.1 |
|
Recreation and leisure |
10.9 |
|
Education |
8.3 |
|
Hotels, cafés and restaurants |
10.0 |
|
Miscellaneous goods and services |
11.2 |
In December 2023, the consumer price index decreased by 0.1% compared with November 2023 and increased by 4.0% compared with December 2022. Goods were 2.5% and services 6.7% more expensive.
Trasanov said that, compared with December 2022, the consumer price index was affected the most by price changes related to housing and to food and non-alcoholic beverages, which each contributed over a fifth of the total rise. Among food products, the biggest increase was registered in the prices of olive oil (56.8%). Cocoa was 25.1%, canned milk 18.6% and confectionery 17.8% more expensive. Petrol was 6.4% and diesel fuel 12.3% cheaper.
Compared with November, the consumer price index was influenced the most by the 24% price increase of gas, on the one hand, and by the 4.1% price decrease of motor fuel, on the other hand.
|
Commodity group |
December 2022 – |
November 2023 – |
|---|---|---|
|
TOTAL |
4.0 |
-0.1 |
|
Food and non-alcoholic beverages |
4.1 |
-0.5 |
|
Alcoholic beverages and tobacco |
3.7 |
-1.4 |
|
Clothing and footwear |
5.1 |
-1.6 |
|
Housing |
5.3 |
0.9 |
|
Household goods |
5.1 |
-0.1 |
|
Health |
8.8 |
0.4 |
|
Transport |
-2.1 |
-0.5 |
|
Communications |
1.4 |
0.0 |
|
Recreation and leisure |
6.9 |
1.1 |
|
Education |
7.6 |
0.0 |
|
Hotels, cafés and restaurants |
6.7 |
-0.5 |
|
Miscellaneous goods and services |
5.1 |
0.0 |
See also the consumer price index calculator and the prices section on our 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 the data.
More detailed data have been published in the statistical database.
For further information:
Helen Maria Raadik
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181
press [at] stat.ee