Stable growth in retail sales

According to Statistics Estonia, in January 2015 compared to January of the previous year, the retail sales of goods of retail trade enterprises increased 5% at constant prices.

In January 2015, the retail sales of goods of retail trade enterprises were 373.9 million euros, which was 285 euros per inhabitant.

The retail sales in stores selling manufactured goods increased 8% compared to January 2014. Sales increased in most economic activities. Only the retail sales in stores selling textiles, clothing and footwear stayed at the same level as in January of the previous year. The retail sales via mail order or the Internet increased the most, with sales increasing nearly a fourth (24%). In January, a higher than average increase occurred also in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale) (18% growth) and in other specialised stores, such as stores selling computers and their accessories, photography supplies, books, sports equipment, games and toys etc. (16% growth).

The retail sales in grocery stores increased 4% compared to January 2014. Compared with December, the retail sales growth in these stores accelerated slightly, partly influenced by the acceleration in the price decrease of food products. While in December 2014, the annual price decrease of food products was 0.4%, then this January it was 1.8%.

The retail sales of automotive fuel stayed at the same level as in January 2014.

Compared to the previous month, the retail sales in retail trade enterprises decreased almost by a fifth (19%) at constant prices in January. This is a usual fall following the Christmas and end-of-year sales in December. According to the seasonally and working-day adjusted data, the retail sales increased 2% compared to the previous month.

In January, the turnover of retail trade enterprises was 439.5 million euros, out of which the retail sales of goods accounted for 85%. Compared to January 2014, the turnover increased by 2% at constant prices. Compared to the previous month, this indicator decreased 19%.

Diagram: Retail sales volume index of retail trade enterprises and its trend

The statistics are based on the report „Turnover“, the deadline of which was 15.02.2015, and on the VAT declaration data from the Estonian Tax and Customs Board. Statistics Estonia published the monthly summary in ten working days.

Source: Statistics Estonia

Compared to last February goods were cheaper and services more expensive

According to Statistics Estonia, the change of the consumer price index in February 2015 was 0.6% compared to January 2015 and -0.8% compared to February of the previous year.

Compared to February 2014, goods were 1.8% cheaper and services 0.8% more expensive.

Regulated prices of goods and services have fallen by 1.6% and non-regulated prices by 0.6% compared to February of the previous year.

Compared to February 2014, the consumer price index was influenced the most by 16.3% cheaper motor fuel. The 2.5% price decrease of food also had a bigger impact on the index, with meat and meat products being 2.7% cheaper and milk, milk products and eggs being 3.2% cheaper than in the same month of the previous year. Among the commodities whose prices increased, alcoholic beverages and tobacco had a bigger impact on the index, as their prices increased by 5% and 5.1%, respectively. Compared to February of the previous year, of food products, the prices of dried fruit and nuts (25%) and coffee (21%) have increased the most, and the prices of sugar (44%) and potatoes (22%) have decreased the most.

In February compared to January, the consumer price index was also mainly influenced by motor fuel as its prices increased by 6.6%. The increase in the prices of fresh vegetables (16.5%) and alcoholic beverages (3.1%) had a bigger impact on the index as well. Compared to January, of food products, the prices of cabbage and mandarins increased the most (46% and 41%, respectively) and the prices of lemons decreased the most (11%).

Change of the consumer price index by commodity groups, February 2015
Commodity group January 2015 –
February 2015, %
February 2014 –
February 2015, %
TOTAL -0.8 0.6
Food and non-alcoholic beverages -1.7 0.5
Alcoholic beverages and tobacco 5.0 2.2
Clothing and footwear 1.8 2.9
Housing 0.1 -0.3
Household goods 1.0 0.0
Health 3.6 0.5
Transport -7.7 1.7
Communications -0.1 -0.1
Recreation and culture 1.0 -0.3
Education -20.6 0.0
Hotels, cafés and restaurants 2.7 -0.3
Miscellaneous goods and services 2.3 -0.1

Source: Statistics Estonia