October 14, 2022
According to Statistics Estonia, in September, the consumer price index increased by 0.3% compared with August, and by 23.7% compared with September 2021. Goods were 19.9% and services 31.0% more expensive than in September last year.
Viktoria Trasanov, leading analyst at Statistics Estonia, said that, compared with September 2021, the consumer price index was affected the most by housing-related price changes, which contributed nearly 40% of the total rise. “Gas was 255.2%, solid fuels 118.3%, electricity that reached homes 105.5%, and heat energy 62.9% more expensive. The price changes of food and non-alcoholic beverages accounted for a quarter and transport for a seventh of the total rise in the index. Petrol was 28.5% and diesel fuel 52.2% more expensive,” added Trasanov.
Among food products, the biggest increase compared with September 2021 occurred in the price of sugar (86.2%). Flour and cereals were 76%, spices 61.4%, other edible oils 60.6%, eggs 54.4%, and beef 53.5% more expensive.
Compared with August, the consumer price index was influenced the most by housing- and food-related price changes. The sales on clothing and footwear have ended and goods of the new season are now available in shops. Diesel fuel was 4.7% more expensive and petrol 1.5% cheaper.
Source: Statistics Estonia
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.