We know Estonia
8.5.2023 | Estonia

In April, inflation was influenced the most by rising food prices

Text Mark Taylor
Photo Mathilde Langevin / Unsplash

In April, inflation was influenced the most by rising food prices

 

According to data released by Statistics Estonia, in April, the Consumer Price Index (which is a key indicator of inflation) increased by 2.0 per cent compared with March and by 13.5 per cent compared with April 2022. Goods were 13.6 per cent and services 13.1 per cent more expensive than in April last year.

“Compared with April 2022, the Consumer Price Index was influenced the most by price increases of food and non-alcoholic beverages, which accounted for nearly two-fifths of the total rise, and housing-related price changes that accounted for a fifth of the total increase,” said Viktoria Trasanov, a team lead at Statistics Estonia.

“Electricity that reached homes was 49.4 per cent, while gas was 43.4 per cent cheaper. In April, the automatic compensation scheme for electricity and district heating came to an end. The price of gas had already fallen below the compensation threshold earlier,” added Trasanov.

Among food products, the biggest increase compared with April of last year occurred in the price of sugar (86.1 per cent). Cocoa was 41.5 per cent, olive oil 41.4 per cent, sauces 40.9 per cent, bread products 35.6 per cent, and poultry meat 35.1 per cent more expensive.“”Petrol was 6.2 per cent and diesel fuel 12.5 per cent cheaper,” concluded Trasanov.

Compared with March 2023, the Consumer Price Index was influenced the most by housing-related price changes, which accounted for 70 per cent of the total increase.

 

 

 

To learn more about this and similar topics
Consumer Price Index Diesel Electricity Food Prices Inflation Petrol Price Rises

1.6.2023 | Estonia

The recession was wide-ranging in the first quarter of 2023

The recession was wide-ranging in the first quarter of 2023

According to data released by Statistics Estonia, the Gross Domestic Product (GDP) of Estonia decreased by 3.2 per cent … Read more

31.5.2023 | History

A commemorative plaque for Estonia’s first concrete building was unveiled in Narva

A commemorative plaque for Estonia’s first concrete building was unveiled in Narva

In Narva, on the banks of the river, a commemorative plaque was opened yesterday to the first concrete building … Read more

31.5.2023 | Estonia

Tallinna Vesi has opened more than 30 public water taps in Tallinn

Tallinna Vesi has opened more than 30 public water taps in Tallinn

Tallinna Vesi has opened a total of 32 public water taps across Tallinn for the summer season, where it … Read more

30.5.2023 | Estonia

Estonian residents have been hit by a wave of fraudulent SMS messages: How do they get your number and how to recognise fraud?

Estonian residents have been hit by a wave of fraudulent SMS messages: How do they get your number and how to recognise fraud?

During the last few weeks, the number of SMS phishing scams spreading in Estonia has increased dramatically, which are … Read more

30.5.2023 | Estonia

Retail trade turnover fell by 11% in April

Retail trade turnover fell by 11% in April

According to data released by Statistics Estonia, in April, the turnover of retail trade companies was 844 million euros. … Read more

29.5.2023 | Estonia

In the first quarter of 2023, construction volume fell by 11%

In the first quarter of 2023, construction volume fell by 11%

According to data released by Statistics Estonia, in the first quarter of 2023, the total production value of Estonian … Read more

28.5.2023 | Estonia

The average gross salary in Estonia is now 1,741 euros

The average gross salary in Estonia is now 1,741 euros

According to data released by Statistics Estonia, the average gross monthly salary in the first quarter of 2023 was … Read more

24.5.2023 | Estonia

In fish farming, output decreased and prices increased

In fish farming, output decreased and prices increased

According to data released by Statistics Estonia, in 2022, fish farming enterprises sold 801 tonnes of commercial fish and … Read more