The consumer price index in June increased by 1.2% MoM and by 3.8% YoY, data from Statistics Estonia showed. Goods were 3.1% and services 5% more expensive than in June last year.
Viktoria Trasanov, an analyst at Statistics Estonia, said that compared to June 2020, the consumer price index was again influenced the most by price increases of motor fuel.
“Petrol was 19.1% and diesel 21.4% more expensive. An increase of 31.4% in the price of electricity that reached homes also had a bigger impact on the index change,” Trasanov added.
Among food products, the biggest rise was registered in the prices of pasta products (+8.5%), while potato prices fell (-9.9%).
The last time that the change of the consumer price index compared to the same month of the previous year was bigger than 3.8% was in October 2018, when it was 4.4%.
Compared to May, the biggest impact on the consumer price index came from electricity that reached homes, which was up nu 19.4%. Motor fuel, which was 1.7% more expensive, and entertainment services, which were 3.3% more expensive, also had a significant impact on the index. (ERR/Business World Magazine)