In November, price changes related to housing had the biggest impact on the consumer price index
According to Statistics Estonia, in November 2021, the consumer price index rose by 1.8% compared to October 2021 and by 8.8% compared to November 2020. Goods were 7.6% and services 11.2% more expensive than in November last year.
Viktoria Trasanov, leading analyst at Statistics Estonia, said that, compared to November 2020, the consumer price index was affected the most by housing-related price changes, which contributed more than a third of the total rise in the index. “The electricity that reached homes was 48.5% and pipeline gas 147.5% more expensive. The impact of transport-related price changes on the index change was slightly over 30%. Petrol was 28.3% and diesel fuel 40% more expensive, while vehicle prices rose by 15.3%,” said Trasanov.
The 5.4% price increase of food and non-alcoholic beverages also had a bigger impact on the consumer price index. The biggest increase compared to November 2020 was recorded in the prices of potatoes (102.8%), fresh fish (24.6%) and fresh vegetables (18.8%).
The last time that the year-on-year change of the consumer price index was 8.8% or higher was in October 2008 when it was 9.8%.
Compared to October, the biggest impact on the consumer price index came from housing-related price changes, which accounted for over 40% of the total rise of the index. In a month, pipeline gas became 62.5% and the electricity that reached homes 7.4% more expensive. The price increase of food and non-alcoholic beverages contributed a quarter of the total index rise.
| Commodity group | November 2020 – November 2021, % |
October 2021 – |
|---|---|---|
|
TOTAL |
8.8 |
1.8 |
|
Food and non-alcoholic beverages |
5.4 |
2.0 |
|
Alcoholic beverages and tobacco |
3.6 |
0.0 |
|
Clothing and footwear |
3.4 |
1.8 |
|
Housing |
21.0 |
5.1 |
|
Household goods |
5.7 |
0.8 |
|
Health |
2.8 |
0.3 |
|
Transport |
20.3 |
2.0 |
|
Communications |
-1.7 |
0.1 |
|
Recreation and culture |
5.7 |
0.9 |
|
Education |
2.8 |
0.4 |
|
Hotels, cafés and restaurants |
5.2 |
0.4 |
|
Miscellaneous goods and services |
4.4 |
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:
Kadri Kütt
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181