May consumer price index up 3.3 percent on year ({{commentsTotal}})

Tere milk at a Maxima supermarket.
Tere milk at a Maxima supermarket. Source: (Anna Aurelia Minev/ERR)

According to a Wednesday morning press release from Statistics Estonia, the May consumer price index was up 0.2 percent compared to April and 3.3 percent year-over-year.

Compared to May 2016, goods were 3.8 percent and services 2.4 percent more expensive. Regulated prices of goods and services have risen by five percent and non-regulated prices by 2.8 percent compared to May of the previous year.

Compared to May 2016, the consumer price index was affected the most by the 6.1-percent more expensive food and non-alcoholic beverages, which contributed more than 40 percent of the total growth of the index. Milk, dairy products and eggs were 8.6 percent, fruit 11.7 percent and sugar and confectionery seven percent more expensive than one year prior.

Motor fuel contributed nearly one fifth of the total growth of the index. Compared to May 2016, diesel fuel was 14.9 percent and gasoline 9.8 percent more expensive. A greater impact was also made by alcoholic beverages and tobacco, which were respectively 3.6 and 14.5 percent ore expensive than a year earlier.

Compared to April, the May consumer price index was also affected the most by food prices. Fruit were 9.4 and meat and meat products 1.9 percent more expensive than one month prior. A greater impact on the change of the index was also made by less expensive motor fuel — in May, gas was three percent and diesel fuel 3.5 percent less expensive than in April.

Editor: Aili Vahtla



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