We know Estonia
8.1.2023 | Estonia

The Consumer Price Index rose by 19.4% in 2022

Text Mark Taylor
Photo Andrei Chertkov

The Consumer Price Index rose by 19.4% in 2022

 

According to data released by Statistics Estonia, in 2022, the Consumer Price Index (which expresses the change in the prices of consumer goods and services) increased by 19.4 per cent compared with the average of 2021. The soaring cost of housing had the biggest impact on the index in 2022.

“The biggest impact on the Consumer Price Index in 2022 came from housing-related price increases, which accounted for two-fifths of the total rise. Compared with 2021, electricity that reached homes was 94.4 per cent, gas 123.8 per cent, solid fuels 73.5 per cent and heat energy 49.1 per cent more expensive. Food and non-alcoholic beverages contributed nearly a fourth of the total increase. Among food products, the biggest increase was recorded in the prices of flour and cereals (53.6 per cent), sugar (50.9 per cent), other oils (49.5 per cent) and eggs (45 per cent). Petrol was 30 per cent and diesel fuel 45.9 per cent more expensive,” said Viktoria Trasanov, a leading analyst at Statistics Estonia.

In December 2022, the Consumer Price Index decreased by 0.1 per cent compared with November 2022, affected the most by 8.1 per cent cheaper motor fuel prices and by the rising prices of food and non-alcoholic beverages.

 

 

Although prices have risen sharply in the past year, the graph above indicates that the Consumer Price Index has remained stable since August. Potentially indicating an end to the dramatic price rises we saw in the first half of 2022 and providing a slight relief to consumers.

 

To learn more about this and similar topics
Consumer Price Index Expensive Food Fuel Housing Price Rises Price Rises 2022 Statistics Estonia

23.7.2025 | History

Mart Laar’s Book on the Forest Brothers Now Available

Mart Laar’s Book on the Forest Brothers Now Available

Historian Mart Laar’s book, “Forest Brothers: Armed Resistance Behind the Iron Curtain After World War II”, explores the resistance … Read more

4.7.2025 | Estonia

At the Gates of East and West

At the Gates of East and West

High up on the riverbanks, the city of Narva is guarded by the magnificent Hermann Castle, and on the … Read more

11.6.2025 | Estonia

Fly from Tallinn to Madeira 

Fly from Tallinn to Madeira 

airBaltic will launch direct flights between Tallinn and Madeira in October. The new route will operate every Sunday from … Read more

31.5.2025 | Estonia

Life in Estonia: A Complete Guide

Life in Estonia: A Complete Guide

What’s the average shelf-life for an Estonian? How happy are they? How much do they drink, and how safe … Read more

24.5.2025 | Estonia

Easter Affected Spring Tourism Numbers

Easter Affected Spring Tourism Numbers

The statistics published by Statistics Estonia on the number of tourists in March were commented on in several newspapers. … Read more

22.5.2025 | Estonia

This Is What’s up in Estonia

This Is What’s up in Estonia

Estonian population decreased According to Statistics Estonia, on 1 January this year, 1,369,995 people lived in Estonia, which means … Read more

14.5.2025 | Restaurants

New Car-Free Pedestrian Zone in Kalamaja

New Car-Free Pedestrian Zone in Kalamaja

The Krulli Quarter (Krulli kvartal) is located in the Kalamaja district of Northern Tallinn. In 1899, the German industrialist … Read more

13.5.2025 | Estonia

Defense tax to be abolished in Estonia, replaced by other tax increases

Defense tax to be abolished in Estonia, replaced by other tax increases

The Estonian government is canceling the 2% defence tax, which was scheduled to come into effect temporarily from the … Read more