In July, housing had the biggest impact on the consumer price index
According to Statistics Estonia, in July 2021, the consumer price index increased by 1.1% compared to June 2021 and by 5.0% compared to July 2020. Goods were 3.3% and services 8.1% more expensive than in July last year.
Viktoria Trasanov, leading analyst at Statistics Estonia, said that, compared to July 2020, the consumer price index was influenced the most by the price increase of housing services. “The electricity that reached homes was 53.6%, rent 8.8% and maintenance and repair of the dwelling 5.6% more expensive,” explained Trasanov.
The price increase of motor fuel continued to have a bigger impact on the index change. Petrol was 18% and diesel 22.7% more expensive than in July last year. Among food products, the biggest increase was recorded in the prices of potatoes (26.8%), fresh vegetables (20.4%) and flour mixes (13.8%).
The last time that the change of the consumer price index compared to the corresponding month of the previous year was bigger than 5% was in September 2011, when it was 5.2%.
Compared to June, the biggest impact on the consumer price index also came from the increased prices of housing services, of which nearly 60% was due to the 8.7% more expensive electricity that reached homes. The rise in the prices of vegetables (17%), accommodation services (21.7%) and motor fuel (2.3%) also had a bigger impact on the index.
| Commodity group | July 2020 – July 2021, % |
June 2021 – |
|---|---|---|
| TOTAL | 5.0 | 1.1 |
| Food and non-alcoholic beverages | 1.2 | 1.3 |
| Alcoholic beverages and tobacco | 0.9 | 0.5 |
| Clothing and footwear | 0.1 | -4.7 |
| Housing | 14.0 | 3.5 |
| Household goods | 3.5 | 0.8 |
| Health | 2.2 | 0.3 |
| Transport | 11.7 | 1.7 |
| Communications | -2.4 | -0.1 |
| Recreation and culture | 4.3 | -0.4 |
| Education | 1.6 | 0.0 |
| Hotels, cafés and restaurants | 8.0 | 5.5 |
| Miscellaneous goods and services | 1.9 | -0.3 |
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:
Kadri Kütt
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181