The consumer price index rose by 2.9% in May
According to Statistics Estonia, in May, the consumer price index increased by 0.1% compared with April and by 2.9% compared with May 2023. Goods were 2.6% and services 3.3% more expensive than in May last year.
Viktoria Trasanov, team lead of consumer price statistics at Statistics Estonia, said that, compared with May 2023, the consumer price index was affected the most by housing-related price changes. “Other bigger contributors were price changes related to transport and food and non-alcoholic beverages. Road passenger transport was 17.2% more expensive, while the price of petrol rose by 4.2% and diesel fuel by 4.6%,” Trasanov pointed out.
Among food products, the biggest increases compared with May last year were registered in the prices of olive oil (52.9%), confectionery (20%) and cocoa (17.4%). On the other hand, decreases were seen in the prices of fresh vegetables (-17.1%) and sugar (-16.1%).
Compared with April, the consumer price index was influenced the most by transport-related price changes: plane tickets bought for May were 29.5% and motor fuels 1.8% cheaper. The price increases of chocolate (6.6%) and fresh fruits and berries (2.9%) had a bigger impact on the rise of the food and non-alcoholic beverages index.
Change in the consumer price index by commodity group, May 2024
Commodity group | May 2023 – | April 2024 – |
TOTAL | 2.9 | 0.1 |
Food and non-alcoholic beverages | 2.2 | 0.8 |
Alcoholic beverages and tobacco | 7.4 | 0.3 |
Clothing and footwear | 2.4 | -0.2 |
Housing | -4.3 | 0.8 |
Household goods | 2.6 | 0.1 |
Health | 8.7 | 1.1 |
Transport | 4.0 | -2.1 |
Communications | 9.4 | -2.2 |
Recreation and leisure | 5.1 | 0.1 |
Education | 8.0 | 0.0 |
Hotels, cafés and restaurants | 6.1 | 1.6 |
Miscellaneous goods and services | 4.5 | 0.2 |
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.
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