According to Statistics Estonia, the change of the consumer price index in May 2016 was 0.1% compared to April 2016 and -0.9% compared to May of the previous year.
Compared to May 2015, goods were 0.9% and services 1.0% cheaper. Regulated prices of goods and services have fallen by 2.4% and non-regulated prices by 0.3% compared to May of the previous year.
Compared to May 2015, the consumer price index was influenced the most by transport, which became 5.9% cheaper, while petrol became 10% and diesel fuel 13.6% cheaper. The impact of electricity, heat energy and fuels, which became 7.9% cheaper, was nearly as big, with 11.5% cheaper heat energy contributing to almost two-thirds of the change. Out of the products which have become more expensive, alcoholic beverages had the biggest impact on the index, as their prices have increased 8.2% compared to May of the previous year. Compared to May 2015, of food products, the prices of processed fruit and sugar have increased the most (31% and 27%, respectively) and the prices of fresh vegetables have decreased the most (20% cheaper).
In May compared to April, the consumer price index was influenced the most by 11% cheaper fresh vegetables. 14% cheaper plane tickets which were bought for May and 11.6% more expensive accommodation services also had a bigger impact on the index.
|Commodity group||May 2015 – May 2016, %||April 2016 – May 2016, %|
|Food and non-alcoholic beverages||-1.3||-0.3|
|Alcoholic beverages and tobacco||6.9||0.9|
|Clothing and footwear||3.8||0.9|
|Recreation and culture||2.4||0.2|
|Hotels, cafés and restaurants||2.4||2.3|
|Miscellaneous goods and services||1.4||0.5|
Source: Statistics Estonia
Filed under: Economy in general |