Consumer price index increased in June

According to Statistics Estonia, the percentage change of the consumer price index in June 2008 compared to June 2007 was 11.4%.

This year compared to the corresponding month of the previous year, the change of consumer price index has remained around 11%, the same trend continued in June.

In June 2008 compared to June of the previous year, the prices of goods changed by 10.9%, of which the prices of food by 15.8% and the prices of manufactured goods by 7.0%. The prices of services increased 12.5%. Regulated prices of goods and services changed by 22.0% and non-regulated prices by 8.5%. As in the previous months, the index was mainly influenced by the price increase of food, the increase in the expenditures on housing, as well as by the increase in the prices of motor fuel. Dairy-, cereal- and meat products gave four fifths of the price increase of food. The increase in the expenditures on housing was mostly influenced by the increase in the prices of heat energy. Three fourths of the 14.7% price increase of transport index was caused by the direct price increase of motor fuel.

On average, the prices of goods and services in June were 0.6% higher than in May. The consumer price index was mainly influenced by the increase in the prices of motor fuel which caused two thirds of the monthly change of the consumer price index.

Change of the consumer price index by commodity groups, June 2008

Source: Head of Price and Wages Statistics Department, Statistics Estonia

Viktoria Trasanov

BusinessmanTime.com & BTNews – Estonia

Marcis Skadmanis