November consumer price index up 4.2 percent on year ({{commentsTotal}})

Basket of groceries.
Basket of groceries. Source: (Postimees/Scanpix)

The consumer price index (CPI) in Estonia increased 0.5 percent on month and 4.2 percent on year in November, according to information released by Statistics Estonia on Thursday.

Compared to November 2016, goods were 5.4 percent and services 2.1 percent more expensive, and regulated prices of goods and services have risen by 8.3 percent and non-regulated prices by 3.1 percent.

Compared to last November, the CPI was affected the most by 7.8 percent more expensive food and non-alcoholic beverages, which contributed two fifths of the total increase of the index. Milk, dairy products and eggs became 13.3 percent, vegetables 17.2 percent and fruit 14.6 percent more expensive. Of food products, compared to November 2016, the biggest price increases were seen for butter (54 percent), potatoes (28 percent) and fresh vegetables (23 percent). Alcoholic beverages and tobacco contributed one fifth of the total increase of the index. Half of the impact of alcoholic beverages and tobacco came from 27.2 percent more expensive beer.

Motor fuel, meanwhile, contributed another fifth to the total increase of the index. Both gasoline and diesel fuel were 16 percent more expensive than in November 2016.

Compared to October, the CPI in November was affected the most by 7.8 percent more expensive motor fuel. One percent more expensive food likewise had a greater impact on the index's monthly change.

Editor: Aili Vahtla



Siim Kallas.

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