In January, the consumer price index, which expressed the change in the prices of consumer goods and services, rose by 0.2% YoY, state agency Statistics Estonia reported.
In addition, goods were 0.8% cheaper than in January 2020, while services were 2% more expensive.
Viktoria Trasanov, leading analyst at Statistics Estonia, said that compared to January 2020, the consumer price index was affected the most by motor fuel: petrol was 9.2% and diesel fuel 20.6% cheaper.
“Among housing expenditures, electricity that reached homes became 20.9% more expensive, while rents fell by 8.7%. Among food products, prices of fresh fruit rose the most, by 11%, and prices of fresh fish and potatoes fell the most, by 29% and 17%, respectively,” Trasanov added.
Compared to December 2020, the consumer price index was affected most by 5.3% more expensive motor fuel and by comprehensive sales of clothing and footwear. A bigger impact also came from 7.3% more expensive electricity that reached homes and 10.4% more expensive fresh fruit. (ERR/Business World Magazine)