Estonian consumer price index continues to fall ({{commentsTotal}})

The price of apples have declined 19 percent in 12 months.
The price of apples have declined 19 percent in 12 months. Source: (Scanpix/Postimees)

The Estonian consumer price index (CPI) dropped 0.8 percent in November, and was also 0.6 percent lower compared to November 2013.

Goods were 0.8 percent cheaper, and the prices of services dropped 0.4 percent year-on-year, a report by Statistics Estonia said today. Regulated prices of goods and services have fallen by 0.3 percent and non-regulated prices 0.7 percent, compared to a year ago.

Compared to November 2013, the index was influenced the most by transport, where motor fuel was 4.4 percent cheaper than last year. The impact of electricity, heat energy and fuel was somewhat smaller with the electricity that arrived at homes being 6.6 percent cheaper and heat energy 1.3 percent cheaper.

Alcoholic beverages were 3.1 percent more expensive and tobacco 7.4 percent more expensive in the year-on-year comparison. In food products, the prices of conserved milk have increased the most (17 percent), and the prices of sugar, potatoes and apples have decreased the most (43 percent, 20 percent and 19 percent, respectively).

In November compared to October, the consumer price index was mainly influenced by transport, which accounted for a half of the decrease. Plane tickets were 29 percent cheaper motor fuel was 2.1 percent less expensive. Compared to October, of food products, the prices of cucumbers and grapes increased the most (41 percent and 39 percent, respectively) and the prices of mandarins decreased the most (26 percent).

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