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

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