Prices in Estonia dropped by a percent from June last year
According to Statistics Estonia, the change of the consumer price index in June 2020 was 0.9 percent compared to May 2020 and –1 percent compared to June of the previous year. Compared to June 2019, goods were 0.8 percent and services 1.2 percent cheaper.
Viktoria Trasanov, leading analyst at Statistics Estonia, said that compared to May, the consumer price index was affected the most by 13.2 percent more expensive electricity that reached homes.
Trasanov explained: "Another significant contributor was the index for education and child care institutions, which increased due to the decision of municipalities to reinstate kindergarten place fees after the emergency situation. Also subsidies for local transport introduced during the emergency situation ended, which, coupled with 3.2 percent more expensive petrol, resulted in a more significant impact of transport on the index."
Compared to June 2019, the consumer price index was affected the most by cheaper motor fuel: diesel fuel was 25 percent and petrol 12.5 percent cheaper. Also housing services had a significant impact on the index: electricity that reached homes was 7.6 percent and rent 11.7 percent cheaper than the year before. Accommodation services were almost 30 percent cheaper.
Of factors with an opposite effect, the index was affected the most by more expensive food and non-alcoholic beverages. The main contributors were fruit (22 percent) and meat and meat products (7.5 percent). At the same time, of food products, prices fell for potatoes (38 percent) and fresh vegetables (19 percent) and increased for fresh fruit and berries (27 percent).
Compared to June 2019, regulated prices of goods and services fell by 7.5 percent and non-regulated prices rose by 0.8 percent.
See also the consumer price index calculator. More detailed data also published in the statistical database.
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Editor: Kristjan Kallaste