In August, the consumer price index was influenced the most by motor fuel

News
Posted on 7 September 2015, 11:00

According to Statistics Estonia, the change of the consumer price index in August 2015 was -0.3% compared to July 2015 and also -0.3% compared to August of the previous year.

Compared to August 2014, goods were 0.7% cheaper and services 0.4% more expensive. Regulated prices of goods and services have fallen by 2.2% and non-regulated prices have risen by 0.3 % compared to August of the previous year.

Compared to July 2014, the consumer price index was influenced the most by motor fuel, which has become 14.4% cheaper over the course of a year. 4.3% cheaper electricity, heat energy and fuels also had a bigger impact on the index, as heat energy was 4.5% and the electricity that arrived at homes 3.8% cheaper than in the same month of the previous year. Out of the products which became more expensive, alcoholic beverages had the biggest impact on the index, as their prices have increased 7% compared to the previous year. Compared to August 2014, of food products, the prices of dried fruit and nuts (26%), fresh vegetables (26%) and apples (22%) have increased the most, whereas the prices of milk have decreased the most (14%).

In August compared to July, the consumer price index was also influenced the most by motor fuel, the prices of which fell 5.5% over the course of a month. The summer sales of clothing and footwear having partially ended also had a bigger impact on the index. In August, food was 1% cheaper than in July, with fresh vegetables having been 12% cheaper.

Change of the consumer price index by commodity groups, August 2015
Commodity group August 2014 – August 2015, % July 2015 – August 2015, %
TOTAL -0.3 -0.3
Food and non-alcoholic beverages 0.4 -0.9
Alcoholic beverages and tobacco 5.7 -0.9
Clothing and footwear 1.0 4.8
Housing -1.5 0.6
Household goods 1.4 0.2
Health 3.1 -0.4
Transport -7.0 -1.7
Communications 1.4 -0.2
Recreation and culture 1.6 -0.4
Education -20.7 0.0
Hotels, cafés and restaurants 3.2 -1.1
Miscellaneous goods and services 2.6 -0.2