Estonian consumer prices drop the least in 4 months
Photo by Wright Studio/Shutterstock
Estonia's consumer prices decreased at a softer pace in November, data from Statistics Estonia (SE) showed last week.
The consumer price index (CPI) fell 0.8% year-on-year in December, following a 1.1% decrease in November.
Compared to the previous year, the consumer price index was affected the most by the decline in prices of motor fuel. Diesel fuel prices declined 25.7% and petrol prices fell 12.5%. Prices for transportation decreased 7.3% annually in December and those of communication fell 2.1%. Prices for clothing and footwear fell 1.4% and those in hotels, cafes and restaurants decreased 1.8%. On month, consumer prices remained unchanged in December, after a 0.1% rise in the previous month.
Prices for motor fuels had the biggest impact on the consumer prices, as diesel fuels and petrol were cheaper by 17.0% and 6.4%, respectively, leading analyst at the Tallinn-based agency, Viktoria Trasanov, said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.