Consumer prices increased by an average 3.4% in 2017 compared to 2016. They were influenced the most by food products and non-alcoholic beverages, which made up two fifths of the increase, Statistics Estonia reported on January 8.
The price of milk, dairy products, and eggs increased by 10.4% YoY, accounting for the single indicator that increased the most.
Motor fuels and alcoholic beverages as well as tobacco made up roughly a fifth of the overall increase. Prices of alcoholic beverages increased by 8.4%, those of tobacco products by 9.5%. Petrol was up by 12.8% and diesel oil by 14.7%.
The food products that showed the biggest single price increase in 2017 were butter at 33%, low-fat milk at 19.9%, and potato at 15.7%. (ERR/Business World Magazine)