February consumer price index up 3.1 percent on year ({{commentsTotal}})

According to information released by Statistics Estonia on Wednesday, the consumer price index (CPI) in Estonia in February was up 0.9 percent compared to the previous month and 3.1 percent on year.

Compared to February 2017, goods were 3.5 percent and services 2.4 percent more expensive. Regulated prices of goods and services have risen by 6.4 percent and non-regulated prices by 2.2 percent since then.

Compared to last February, the CPI was affected the most by food and non‑alcoholic beverages, which became 5 percent more expensive, contributing over one third of the total increase of the index. Fruit was 18.2 percent and milk, dairy products and eggs seven percent more expensive. Alcoholic beverages and tobacco accounted for nearly a quarter of the total increase of the index; 60 percent of the impact of alcoholic beverages and tobacco came from beer, which was 27 percent more expensive. The biggest on-year price increases among food products were seen for eggs (41 percent), frozen fruit and berries (37 percent) and butter (25 percent).

Motor fuel contributed one ninth of the total increase; gasoline was seven percent and diesel fuel 4.6 percent more expensive than in February 2017.

Compared to January 2018, the CPI was affected the most by a 5.3 percent increase in the price of electricity reaching households. 0.8 percent more expensive food, 2.9 percent more expensive alcoholic beverages and the conclusion of seasonal sales of clothing and footwear likewise had a greater impact on the index.

Editor: Aili Vahtla



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