June prices were influenced by cheap electricity

According to Statistics Estonia, the change of the consumer price index in June 2014 was 0.0% compared to May 2014 and –0.4% compared to June of the previous year.

Goods were 0.3% more expensive compared to June 2013 and services were 1.5% cheaper.

Regulated prices of goods and services have risen by 0.7% and non-regulated prices have fallen by 0.7% compared to June of the previous year.

Compared to June 2013, the consumer price index was influenced the most by electricity. In June 2014, the electricity that arrived at homes was 13% cheaper than in June last year, when the price of electricity was record-high. Compared to June of the previous year, 4.1% more expensive alcoholic beverages, 6% more expensive tobacco, 13% cheaper mobile communication services and 7% more expensive dairy products also had a bigger impact on the index. Motor fuel was 0.8% more expensive than in the same month last year. Compared to June 2013, of food products, the prices of processed fruit have increased the most (11%) and the prices of sugar and apples have decreased the most (31% and 23%, respectively).

The last time that the annual change of the consumer price index was below –0.4% was in the period of June 2009 to January 2010, when it ranged from –0.7% to –2.2%.

In June compared to May, the consumer price index was mainly influenced by 1.3% more expensive motor fuel, 10.8% more expensive accommodation services and 0.3% cheaper food (mainly due to the 4% cheaper fresh vegetables). Compared to May, the prices of sweet pepper increased the most (20%) and the prices of Chinese cabbage and tomatoes decreased the most (27% and 26%, respectively).

Change of the consumer price index by commodity groups, June 2014
Commodity group June 2013 –
June 2014, %
May 2014 –
June 2014, %
TOTAL -0.4 0.0
Food and non-alcoholic beverages -0.3 -0.2
Alcoholic beverages and tobacco 4.6 -0.6
Clothing and footwear 1.1 -0.4
Housing -3.4 0.4
Household goods 0.3 -0.4
Health 3.1 0.2
Transport -1.2 0.3
Communications -5.7 -0.5
Recreation and culture 1.8 -0.1
Education -14.3 0.5
Hotels, cafés and restaurants 4.9 2.2
Miscellaneous goods and services 1.8 -0.2

Source: Statistics Estonia

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