Partial compensation for energy prices slowed the rise of the consumer price index in October
According to Statistics Estonia, in October, the consumer price index fell by 1.1% compared with September and rose by 22.5% compared with October 2021. Goods were 20.5% and services 26.4% more expensive than in October last year.
Viktoria Trasanov, leading analyst at Statistics Estonia, said that, compared with October 2021, the consumer price index was affected the most by housing-related price changes, which accounted for a third of the total increase. Partial energy price compensation measures for electricity, gas, and district heating came into force in October. Also, starting from October, households could buy electricity as a universal service, the price of which is formed on the basis of the producer price confirmed by the Competition Authority. “Solid fuels were 111.4%, gas 88.8%, electricity that reached homes 83.7%, and heat energy 49.1% more expensive. The price changes of food and non-alcoholic beverages accounted for nearly 30% of the total rise in the index. Petrol was 21.9% and diesel fuel 42.6% more expensive,” added Trasanov.
Among food products, the biggest increase compared with October 2021 occurred in the price of sugar (94%). Flour and cereals were 78.4%, other edible oils 64.2%, eggs 60.1%, spices 57.6%, and beef 51% more expensive.
Compared with September, the consumer price index was influenced the most by prince changes related to the implementation of partial energy price compensation measures. Water supply services were 17.3% and sewerage services 16.4% more expensive.
|
Commodity group |
October 2021 – |
September 2022 – |
|---|---|---|
|
TOTAL |
22.5 |
-1.1 |
|
Food and non-alcoholic beverages |
28.0 |
1.7 |
|
Alcoholic beverages and tobacco |
6.6 |
0.9 |
|
Clothing and footwear |
9.7 |
2.5 |
|
Housing |
51.9 |
-11.2 |
|
Household goods |
16.4 |
0.6 |
|
Health |
9.6 |
1.5 |
|
Transport |
20.5 |
0.7 |
|
Communications |
1.1 |
1.9 |
|
Recreation and culture |
13.8 |
1.4 |
|
Education |
8.5 |
0.0 |
|
Hotels, cafés and restaurants |
16.6 |
-1.3 |
|
Miscellaneous goods and services |
14.1 |
0.4 |
See also the consumer price index calculator and the prices section on the 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 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 (press[at]stat[dot]ee)