Consumer prices up 4 percent in a year in Estonia

08.05.2012, 11:19

According to Statistics Estonia, consumer prices in April were in average 4 percent higher than a year earlier.

Prices increased 0.3 percent in average from March 2012.

Goods were 3 percent and services 5.9 percent more expensive compared to April 2011.

In April, the monthly change in the consumer price index was mainly influenced by food and motor fuel.
Regulated prices of goods and services have risen by 10.9 percent and non-regulated prices by 1.7 percent compared to April of the previous year.

Compared to April 2011, the index was mainly influenced by housing expenditures which gave almost a half of the total increase. Of which in turn nearly 80 percent gave 14 percent more expensive electricity, heat energy and fuels. 13.7 percent more expensive motor fuel gave nearly a fifth of the total increase. Compared to April of the previous year, of food products, the prices of eggs (45 percent) and smoked and salted fish (14 percent) have increased the most. In April 2012, potatoes were 62 percent and fresh vegetables 20 percent cheaper than a year earlier.

In April the price of eggs reached the highest level of the past years. Looking back at the last five years, the previous peak was in March 2008. After that the prices decreased, then slightly increased in the middle of 2010, then decreased again and remained on a relatively low level with small rises and falls until the beginning of 2012, when a fast price increase began. Compared to the previous peak in March 2008, eggs were 12 percent more expensive in April 2012.