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Estonian consumer prices rise 2.9 pct on year in August

Estonian news - etea September 6, 2013

Baltic News Service, 06.09.2013

The Estonian consumer price index in Estonia was 2.9 percent higher in August 2013 compared to August of the previous year while compared to July no change occurred, Statistics Estonia said on Friday.

The annual change of the consumer price index was last below 3 percent in August 2010 when it was also 2.9 percent.

In August goods were 2.3 percent and services 4.1 percent more expensive compared to August 2012. Regulated prices of goods and services have stayed on the same level and non-regulated prices have risen by 3.9 percent compared to August of the previous year.

Compared to August 2012 the consumer price index was mainly influenced by housing expenditures and food, of which the first one gave nearly half of the total increase and the second one over a third. The electricity that arrived at homes accounted for 80 percent of the impact of housing expenditures and was 28.4 percent more expensive than a year before. Meat and meat products that were 5 percent more expensive gave a quarter, 11.6 percent more expensive vegetables a fifth and 12 percent more expensive fruit a sixth of the impact of food on the index. In August 2013 motor fuel was 4.7 percent cheaper than the year earlier.

In August compared to July the consumer price index was mainly influenced by the 16 percent price decrease of vegetables, 2.9 percent price increase of heat energy, termination of sales of clothing and

15.8 percent price increase of plane tickets. Onions were 30 percent more expensive than in July and paprika 56 percent cheaper.

 

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