We know Estonia
7.12.2022 | Estonia

Soaring food prices are currently the biggest driver of inflation

Text Mark Taylor
Photo Andrei Chertkov

Soaring food prices are currently the biggest driver of inflation

 

According to Statistics Estonia, in November, the Consumer Price Index rose by 0.9 per cent compared with October and by 21.3 per cent compared with November 2021. Goods were 20.1 per cent and services 23.5 per cent more expensive than in November last year. 

“Compared with November 2021, the Consumer Price Index was influenced the most by price changes related to housing and food and non-alcoholic beverages, which each accounted for slightly over 30 per cent of the total increase. Solid fuels were 110.9 per cent, electricity that reached homes 72.6 per cent, heat energy 62.3 per cent and gas 18.9 per cent more expensive,” said Viktoria Trasanov, a leading analyst at Statistics Estonia.

Among food products, the biggest increase compared with November 2021 occurred in the price of sugar (104.2 per cent). Flour and cereals were 74.9 per cent, eggs 59.6 per cent, other edible oils 53.7 per cent and sauces 52.6 per cent more expensive. “Petrol was 18 per cent and diesel fuel 40.8 per cent more expensive,” added Trasanov.

Compared with October, the Consumer Price Index was influenced the most by the rising prices of food and non-alcoholic beverages, which accounted for three-fifths of the total increase, and by housing-related price changes, which accounted for a fifth of the total index rise.

 

 

 

To learn more about this and similar topics
Consumer Price Index Electricity Estonia Food Food Prices Fuel Prices Housing Statistics Estonia

16.11.2024 | Estonia

Inflation in Estonia above 4%

Inflation in Estonia above 4%

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

13.11.2024 | Estonia

The big events in Estonia between now and the New Year

The big events in Estonia between now and the New Year

01–17.11 From Forest to Table – Southern Estonian Flavours From Viljandimaa to Võrumaa restaurants all across Southern Estonia will … Read more

12.11.2024 | Estonia

Estonian tourism saw modest growth in September

Estonian tourism saw modest growth in September

In September 2024, Estonia’s accommodation establishments served 278,000 tourists—a modest 1 per cent increase from the same period last … Read more

7.11.2024 | Estonia

Neste Expands EV Charging Network with New Pääsküla Station

Neste Expands EV Charging Network with New Pääsküla Station

Neste has opened a new fast-charging station for electric vehicles in Pääsküla, on the outskirts of Tallinn. This facility … Read more

6.11.2024 | Estonia

Rail Baltic: A new era connecting Estonia and Latvia to Europe

Rail Baltic: A new era connecting Estonia and Latvia to Europe

In early November, Estonian Prime Minister Kristen Michal met his Latvian counterpart Evika Siliņa to discuss the countries’ common … Read more

3.11.2024 | Estonia

Estonian shops suffering due to continued decline in sales

Estonian shops suffering due to continued decline in sales

According to data released by Statistics Estonia, retail trade turnover in Estonia fell to 839 million euros in September … Read more

31.10.2024 | Estonia

Tartu residents are keen users of rental bikes

Tartu residents are keen users of rental bikes

Estonians are known as passionate cyclists, and the statistics show they are some of the most passionate users in … Read more

31.10.2024 | Estonia

Export aid to be introduced for Estonian companies

Export aid to be introduced for Estonian companies

A meeting of the Estonian government has approved a proposal by Minister of Economy and Industry Erkki Keldo to … Read more