We know Estonia
8.9.2022 | Estonia

Consumer Price Index rises by 2.3% in August

Text Mark Taylor
Photo Tara Clark / Unsplash

Consumer Price Index rises by 2.3% in August

 

According to data from Statistics Estonia, in August, the consumer price index increased by 2.3 per cent compared with July, and by 24.8 per cent compared with August 2021. Goods were 18.3% and services 37.6% more expensive than in August last year.

Compared with August 2021, the consumer price index was affected the most by housing-related price changes, which contributed over 40 per cent of the total rise. “Electricity that reached homes was 205.9 per cent, heat energy 61.7 per cent, gas 244.2 per cent and solid fuels 100.0 per cent more expensive. The price changes of food and non-alcoholic beverages and transport respectively accounted for a fifth and seventh of the total rise in the index. Petrol was 30.5 per cent and diesel fuel 46.9 per cent more expensive,” explained Viktoria Trasanov, a leading analyst at Statistics Estonia.

Among food products, the biggest increase compared to August 2021 occurred in the price of sugar, up 81.2 per cent. Flour and cereals were 75.2 per cent, spices 57.6 per cent, other edible oils 56.5 per cent, and eggs 50.9 per cent more expensive.  

The consumer price index rose by 2.3 per cent compared to July. The increase was influenced the most by housing (9.6 per cent) and food and non-alcoholic beverages (2.2 per cent). The cost of clothing and footwear rose by 4.5 per cent, in part due to the ending of many sales. However, petrol was 6.3% and diesel fuel 8.2% cheaper in August compared to July.

 

To learn more about this and similar topics
Consumer Price Index Electricity Prices Fuel Prices Goods Price Rises Services Statistics Estonia

24.4.2024 | Estonia

Estonia’s gender pay gap closes by nearly 5%

Estonia’s gender pay gap closes by nearly 5%

According to data released by Statistics Estonia, in 2023, the gross hourly earnings of female employees was 13.1 per … Read more

14.4.2024 | Estonia

Foreign tourists continue to find their way back to Tallinn

Foreign tourists continue to find their way back to Tallinn

According to data released by Statistics Estonia, nearly 225,000 tourists stayed in accommodation establishments in the country in February … Read more

9.4.2024 | Estonia

Inflation in Estonia reduces to less than 4% in March

Inflation in Estonia reduces to less than 4% in March

According to data released by Statistics Estonia, in March, the Consumer Price Index (which is the key indicator of … Read more

9.4.2024 | Estonia

Food Film Festival starts tomorrow

Food Film Festival starts tomorrow

The annual Food Film Festival begins tomorrow. A total of 7 different documentary films will be shown throughout the … Read more

3.4.2024 | Estonia

The economic downturn is hitting shops hard

The economic downturn is hitting shops hard

According to data released by Statistics Estonia, in February 2024, the turnover of retail trade companies in the country … Read more

29.3.2024 | Estonia

A night of MMA action in Tartu

A night of MMA action in Tartu

Tomorrow evening, March 30, Tartu’s A. Le Coq Sports Hall will host MMA RAJU 15 – RELOADED, a thrilling … Read more

28.3.2024 | Estonia

What you can do in Tallinn this Easter

What you can do in Tallinn this Easter

When you travel to Estonia during Easter you should note that Good Friday, March 29, and Easter Sunday, March … Read more

26.3.2024 | Estonia

Major roadworks in central Tallinn have recommenced

Major roadworks in central Tallinn have recommenced

After a break for winter, construction on the new tram line to Tallinn’s harbour has begun again. Like last … Read more