We know Estonia
10.4.2023 | Estonia

Rising food prices still driving inflation

Text Mark Taylor
Photo Markus Spiske / Unsplash

Rising food prices still driving inflation

 

According to data released this morning by Statistics Estonia, in March, the Consumer Price Index (which monitors the prices paid for goods and services) increased by 0.7 per cent compared with February and by 15.3 per cent compared with March 2022. Goods were 14.4 per cent and services 17.2 per cent more expensive than in March last year.

“Compared with March 2022, the Consumer Price Index was influenced the most by price increases of food and non-alcoholic beverages, which accounted for over a third of the total rise, and housing-related price changes that accounted for a quarter of the total increase. Electricity that reached homes was 49.5 per cent, heat energy 35.6 per cent, solid fuels 41 per cent, and gas 17.8 per cent more expensive,” explained Viktoria Trasanov, a leading analyst at Statistics Estonia.

Among food products, the biggest increase compared with March of last year occurred in the price of sugar, up by 97.1 per cent. Eggs were 43.3 per cent, cocoa 42.3 per cent, sauces 39.7 per cent, spices 38.8 per cent, and bread products 38.4 per cent more expensive. “Petrol was 9 per cent and diesel fuel 11 per cent cheaper,” Trasanov added.

Compared with February, the Consumer Price Index was influenced the most by the rising prices of food, which accounted for two-fifths of the total increase and of which, in turn, more than a half was contributed by the 11.3 per cent price increase of fresh vegetables. The ending of seasonal sales of clothing and footwear also had a large impact on the index.

 

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

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

24.3.2024 | Estonia

Fewer people commuting by public transport or foot in Estonia

Fewer people commuting by public transport or foot in Estonia

Fewer and fewer people are commuting on foot or by public transport in Estonia. Increasingly, people are preferring to … Read more

23.3.2024 | Estonia

200 people will perform Bach masterpiece this Sunday

200 people will perform Bach masterpiece this Sunday

On Palm Sunday, March 24, J.S. Bach’s masterpiece St. John’s Passion will be performed by more than 200 people … Read more

21.3.2024 | Estonia

A Night of Music, Dance, and Gastronomy

A Night of Music, Dance, and Gastronomy

The Alexela Concert Hall in Tallinn will be transformed into a revue theatre for three nights this week (March … Read more

17.3.2024 | Estonia

International students and graduates contributed over 23 million euros in taxes last year

International students and graduates contributed over 23 million euros in taxes last year

According to data released by Statistics Estonia, international students paid 16.6 million euros in income and social taxes in … Read more

12.3.2024 | Estonia

The average gross salary in Estonia is now over €1900

The average gross salary in Estonia is now over €1900

According to data released by Statistics Estonia, the average monthly gross salary (before taxes) in the fourth quarter of … Read more

10.3.2024 | Estonia

Tourist numbers fall at the start of 2024

Tourist numbers fall at the start of 2024

According to data just released by Statistics Estonia, accommodation establishments in the country served nearly 194,000 tourists in January, … Read more