According to Statistics Estonia, the change of the consumer price index in August 2017 was 0.4% compared to July 2017 and 3.9% compared to August of the previous year.
Compared to August 2016, goods were 3.8% and services 4.1% more expensive. Regulated prices of goods and services have risen by 7.2% and non-regulated prices by 3.0% compared to August of the previous year - writes baltic-course.com.
Compared to August 2016, the consumer price index was affected the most by 6.4% more expensive food and non-alcoholic beverages, which contributed more than a third of the total increase of the index. A third of the latter was contributed by 13.2% more expensive milk, dairy products and eggs. Alcoholic beverages and tobacco accounted for a fifth of the total increase of the index, of which three-fifths were contributed by 28% more expensive beer and a fifth by 8.6% more expensive tobacco products. The price increase of motor fuel also had a greater impact on the index. Petrol was 9.5% and diesel fuel 10.2% more expensive than in August 2016. Of food products, the biggest price increases were seen for butter (44%), low-fat milk (25%) and olive oil (25%).
The previous time that the change of the consumer price index compared to the same month of the previous year was greater than 3.9% was in October 2012, when the change was 4.1%.
In August, compared to July, the consumer price index was affected the most by housing. Electricity that reached homes was 2.4% and rent for housing 3.5% more expensive. The ending of seasonal sales of clothing and footwear and 9% less expensive fresh fruit also had a greater impact on the index change.