In October, the monthly change of the consumer price index was influenced the most by a seasonal decrease in the prices of vegetables and fruit

News
Posted on 7 November 2016, 10:00
According to Statistics Estonia, the change of the consumer price index in October 2016 was -0.3% compared to September 2016 and 0.6% compared to October of the previous year.

Compared to October 2015, goods were 1.0% more expensive and services 0.1% cheaper. Regulated prices of goods and services have risen by 3.8% and non-regulated prices have fallen by 0.2% compared to October of the previous year.

Compared to October 2015, the consumer price index was influenced the most by alcoholic beverages and tobacco having become 8.1% more expensive, which was mainly due to the implementation of new excise duty rates in 2016. In this commodity group, alcoholic beverages have become 7.5% and tobacco 9.5% more expensive. More expensive motor fuel and 2.8% cheaper electricity, heat energy and fuels also had a bigger impact on the index. The majority of the impact of the latter commodity group was due to 5.8% cheaper heat energy and 11.3% cheaper gas. Compared to the period a year ago, diesel fuel was 7.7% and petrol 6.9% more expensive. Compared to October 2016, of food products, the prices of processed fruit (29%) and fresh fish (22%) have increased the most, while the prices of fresh vegetables have decreased the most (15%).

In October compared to September, the consumer price index was influenced the most by 1.6% cheaper food, 70% of which was due to the seasonal price decrease of vegetables and fruit (by 6.6% and 5%, respectively). 4.9% more expensive electricity and 1.8% more expensive motor fuel also had a bigger impact on the index.

Change of the consumer price index by commodity groups, October 2016
Commodity group October 2015 – October 2016, % September 2016 – October 2016, %
TOTAL 0.6 -0.3
Food and non-alcoholic beverages -0.7 -1.6
Alcoholic beverages and tobacco 8.1 -0.9
Clothing and footwear 1.9 -0.3
Housing -0.8 1.0
Household goods -0.1 -0.7
Health 2.6 0.8
Transport -0.2 0.2
Communications -3.5 0.1
Recreation and culture 0.2 0.4
Education 5.4 0.0
Hotels, cafés and restaurants 3.8 -0.4
Miscellaneous goods and services 1.7 -1.4