Estonian inflation in May 2016

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.

Change of the consumer price index by commodity groups, May 2016
Commodity group May 2015 – May 2016, % April 2016 – May 2016, %
TOTAL -0.9 0.1
Food and non-alcoholic beverages -1.3 -0.3
Alcoholic beverages and tobacco 6.9 0.9
Clothing and footwear 3.8 0.9
Housing -3.8 -0.3
Household goods 0.3 0.1
Health 1.8 0.5
Transport -5.9 -0.3
Communications -1.8 -1.5
Recreation and culture 2.4 0.2
Education -13.5 0.0
Hotels, cafés and restaurants 2.4 2.3
Miscellaneous goods and services 1.4 0.5

Source: Statistics Estonia

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: