The change in the consumer price index in June was mainly influenced by electricity

News
Posted on 5 July 2013, 11:00
According to Statistics Estonia, the change in the consumer price index was 0.5% in June 2013 compared to May and 3.8% compared to June of the previous year.

Goods were 2.6% and services 6.0% more expensive compared to June of the previous year.

Regulated prices of goods and services have risen by 1.4% and non-regulated prices by 4.5% compared to June of the previous year.

Compared to June 2012, the consumer price index was mainly influenced by housing expenditures, which gave over a half of the total increase, whereas the electricity that arrived at homes – which was 38% more expensive than the year before –  accounted for three quarters of this. Food accounted for nearly a third of the total increase, whereas 25% more expensive vegetables accounted for nearly two fifths and 5.2% more expensive meat and meat products accounted for a fourth of that. In June 2013, motor fuel was 2.5% cheaper than the year earlier. Among food products, the prices of potatoes and apples have increased the most compared to the same period of the previous year – by 97% and 27% respectively. The prices of eggs, sugar and coffee have decreased by 13%, 12% and 11% respectively.

In June compared to May, the consumer price index was mainly influenced by the 23% price increase of electric energy, which also caused a 10.7% increase in the price of electricity that arrived at homes. The index was also influenced by the 0.8% decrease in food prices and the 1.6% decrease in the prices of alcoholic beverages. The reason for this was the sales of meat and meat products, beer and strong alcoholic beverages before Midsummer Day and the 6.3% price decrease of fresh vegetables. In a month, the prices of mandarins increased the most (by 17%) and the prices of tomatoes decreased the most (by 33%).

Change in the consumer price index by commodity groups, June 2013
Commodity group June 2012 –
June 2013, %
May 2013 –
June 2013, %
TOTAL 3.8 0.5
Food and non-alcoholic beverages 4.8 -0.8
Alcoholic beverages and tobacco 4.6 -1.2
Clothing and footwear 4.9 -0.2
Housing 11.9 3.1
Household goods 1.5 0.5
Health 6.8 0.2
Transport -3.0 0.5
Communications -10.2 -0.8
Recreation and culture 3.2 1.2
Education 2.7 0.0
Hotels, cafés and restaurants 6.9 2.5
Miscellaneous goods and services 2.2 0.3