In December, the consumer price index was influenced the most by the cheaper prices of motor fuel

News
Posted on 8 January 2015, 10:00
According to Statistics Estonia, the change of the consumer price index in December 2014 was 0.0% compared to November 2014 and -0.5% compared to December 2013.

Compared to December 2013, goods were 1.3% cheaper and services 0.9% more expensive. Regulated prices of goods and services have fallen by 1.9% and non-regulated prices by 0.1% compared to December 2013.

Compared to December 2013, the consumer price index was influenced the most by 14.1% cheaper motor fuel. Alcoholic beverages and tobacco also had a bigger impact on the index, as their prices increased by 2.3% and 7.5% respectively, compared to the same month of 2013. Compared to December 2013, of food products, the prices of coffee have increased the most (20%) and the prices of sugar have decreased the most (41%).

In December compared to November, the consumer price index was mainly influenced by motor fuel as its prices fell by 8.6%. The plane tickets bought for December were 32% more expensive than in November. The small price increase of food and non-alcoholic beverages was mainly due to the increase in the prices of fruit (2.7%), coffee (5.2%) and vegetables (1.6%). Compared to November, the prices of sweet pepper and grapes increased the most (36% and 35%, respectively) and the prices of mandarins decreased the most (21%).

Change of the consumer price index by commodity groups, December 2014
Commodity group December 2013 –
December 2014, %
November 2014 –
December 2014, %
TOTAL -0.5 0.0
Food and non-alcoholic beverages -0.4 0.6
Alcoholic beverages and tobacco 3.7 -0.1
Clothing and footwear -0.1 -1.2
Housing 0.1 -0.2
Household goods 1.4 0.0
Health 3.0 0.2
Transport -6.6 -1.7
Communications -0.4 2.1
Recreation and culture 1.2 0.6
Education -21.9 0.0
Hotels, cafés and restaurants 3.8 -0.1
Miscellaneous goods and services 2.3 0.8