Consumer price index up 1% in September

Alcohol and tobacco products had an effect on September's consumer price index. (Siim Lõvi/ERR)
10/7/2016 11:36 AM
Source: BNS
Category: Business

Estonia's consumer price index in September 2016 increased 0.2 percent compared to August and 1 percent compared to September of 2016, reported Statistics Estonia.

Compared to September 2015, goods were 1.4 percent and services 0.4 percent more expensive, while regulated prices of goods and services had risen by 2.2 percent and non-regulated prices by 0.8.

On year, the consumer price index was influenced the most by alcoholic beverages and tobacco having become 8.5 percent more expensive, which was mainly as a result of the implementation of new excise duty rates in 2016. Within this commodity group alcoholic beverages have become 7.9 percent and tobacco 10.1 percent more expensive.

Electricity, heat energy and fuels also had a larger impact on the index, as they became 5 percent cheaper, with 9 percent cheaper heat energy accounting for almost three quarters of the drop. Compared to the same period one year ago, diesel fuel was 5.2 percent and gasoline 1.2 percent more expensive. Likewise compared to September 2015, among food products, the price of low-fat milk had decreased the most, by nine percent, whereas the prices of processed fruit and sugar had increased the most — by 27 and 20 percent, respectively.

Compared to August of this year, September's consumer price index was influenced the most by the ending of clothing and footwear sales and the introduction of new seasonal products in sales, but also the seasonal price decrease of vegetables and fruit. Transport also had a bigger impact on the index as plane tickets bought for September were 14 percent more expensive than during the month before.

Editor: Aili Vahtla

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