According to Statistics Estonia, the change of the consumer price index in September 2016 was 0.2% compared to August 2016 and 1.0% compared to September of the previous year.
Compared to September 2015, goods were 1.4% and services 0.4% more expensive. Regulated prices of goods and services have risen by 2.2% and non-regulated prices by 0.8% compared to September of the previous year.
Compared to September 2015, the consumer price index was influenced the most by alcoholic beverages and tobacco having become 8.5% more expensive, which was mainly due to the implementation of new excise duty rates in 2016. In this commodity group, alcoholic beverages have become 7.9% and tobacco 10.1% more expensive. Electricity, heat energy and fuels also had a bigger impact on the index, as they became 5% cheaper, with 9% cheaper heat energy accounting for almost three quarters of the drop. Compared to the period a year ago, diesel fuel was 5.2% and petrol 1.2% more expensive. Compared to September 2015, of food products, the prices of low-fat milk (9%) have decreased the most, whereas the prices of processed fruit (27%) and sugar (20%) have increased the most.
In September compared to August, the consumer price index was influenced the most by the ending of sales of clothing and footwear and the introduction of new seasonal products in stores, but also the seasonal price decrease of vegetables and fruit. Transport also had a bigger impact on the index as plane tickets bought for September were 14% more expensive than the month before.
|Commodity group||Sep`t 15 – Sept 2016, %||Aug`16 – Sept 2016, %|
|Food and non-alcoholic beverages||0.9||-0.4|
|Alcoholic beverages and tobacco||8.5||1.0|
|Clothing and footwear||3.6||3.1|
|Recreation and culture||0.0||-0.6|
|Hotels, cafés and restaurants||3.7||-1.8|
|Miscellaneous goods and services||2.9||0.5|
Source: Statistics Estonia
Filed under: Retail |