In June, the rise in the consumer price index was the smallest of recent years
According to Statistics Estonia, in June, the consumer price index increased by 0.4% compared with May and by 2.5% compared with June 2023. Goods were 1.7% and services 3.8% more expensive than in June last year.
The last time that the change of the consumer price index compared with the same month of the previous year was smaller than 2.5% was in April 2021, when it was 1.9%.
Viktoria Trasanov, team lead of consumer price statistics at Statistics Estonia, said that, compared with June 2023, the consumer price index was mainly influenced by housing-related price changes, including 8.8% cheaper heat energy, on the one hand, and by transport-related price changes, on the other hand. “Road passenger transport was 18.8% and maintenance and repair of vehicles 6.7% more expensive, while the prices of petrol rose by 1.4% and diesel fuel by 2.2%,” added Trasanov.
Among food products, the biggest increases compared with June last year were registered in the prices of olive oil (45.3%), chocolate (18.3%), cocoa (17.7%), and juices and syrups (16.6%). On the other hand, there was a decrease in the prices of fresh vegetables (-16.6%) and sugar (-20.6%).
Compared with May, the consumer price index was influenced the most by the higher prices of electricity that reached homes and holiday trips bought for June, but also by the cheaper prices of motor fuel.
Change in the consumer price index by commodity group, June 2024
Commodity group | June 2023 – | May 2024 – |
TOTAL | 2.5 | 0.4 |
Food and non-alcoholic beverages | 0.9 | 0.0 |
Alcoholic beverages and tobacco | 5.2 | -1.7 |
Clothing and footwear | 2.5 | -1.8 |
Housing | -3.4 | 1.3 |
Household goods | 2.2 | 0.0 |
Health | 8.2 | -0.1 |
Transport | 3.7 | -0.3 |
Communications | 10.6 | 1.9 |
Recreation and leisure | 5.6 | 2.7 |
Education | 7.7 | 0.5 |
Hotels, cafés and restaurants | 3.2 | 1.9 |
Miscellaneous goods and services | 4.5 | 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.
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Kaia-Liisa Tabri
Communications Partner
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9201
press [at] stat.ee (press[at]stat[dot]ee)