---
title: "Estonia’s inflation keeps growing – 22.8% in July year-on-year"
id: "65344"
type: "post"
slug: "estonias-inflation-keeps-growing-22-8-in-july-year-on-year"
published_at: "2022-08-09T21:59:02+00:00"
modified_at: "2022-08-09T21:59:03+00:00"
url: "https://estonianworld.com/business/estonias-inflation-keeps-growing-22-8-in-july-year-on-year/"
markdown_url: "https://estonianworld.com/business/estonias-inflation-keeps-growing-22-8-in-july-year-on-year.md"
excerpt: "According to Statistics Estonia, in July, the country’s consumer price index increased by 1.9% compared with June, and by 22.8% compared with July 2021; goods […]"
taxonomy_category:
  - "Business"
publisher: "Estonian World"
language: "en-GB"
author: "Sten Hankewitz"
author_url: "https://estonianworld.com/author/stenhankewitz/"
---

# Estonia’s inflation keeps growing – 22.8% in July year-on-year

![A hundred euros is now worth 22.8% less in Estonia than it was in July 2021. Photo by Markus Spiske on Unsplash.](https://estonianworld.com/wp-content/uploads/2022/08/markus-spiske-yPPQFQmF1B4-unsplash-1024x683.jpg)

A hundred euros is now worth 22.8% less in Estonia than it was in July 2021. Photo by Markus Spiske on Unsplash.

By  [Sten Hankewitz](https://estonianworld.com/author/stenhankewitz/)
  ·  August 9, 2022  · [Business](https://estonianworld.com/category/business/)
 · 2 minutes of reading

### According to Statistics Estonia, in July, the country’s consumer price index increased by 1.9% compared with June, and by 22.8% compared with July 2021; goods were 17.7% and services 33.1% more expensive than in July last year.

In June, the country’s year-on-year inflation was 21.9%.

Viktoria Trasanov, a leading analyst at Statistics Estonia, the country’s official statistics agency, said that, compared with July 2021, the consumer price index was affected the most by housing-related price changes, which contributed over 40% of the total rise.

“Electricity that reached homes was 142.9%, heat energy 62.7%, natural gas 235.4% and solid fuels 80.1% more expensive. The price changes of food and non-alcoholic beverages accounted for a fifth of the total rise in the index. Gasoline was 39.1% and diesel fuel 60.1% more expensive,” Trasanov said in a statement.

Among food products, the biggest increases compared with July 2021 occurred in the prices of flour and cereals (72.3%), fresh fish (59%), eggs (56.7%), other oils (49.5%), pasta products (43.1%) and sugar (40.3%).

Compared with June, the consumer price index was also influenced the most by housing and food-related price changes. Electricity that reached homes was 15% and gas 22.5% more expensive.

The price increases of food and non-alcoholic beverages accounted for a fifth of the total increase. Accommodation services were 16.5% more expensive. Gasoline was 5.2% and diesel fuel 2.9% cheaper than in June.

## About The Author

![Avatar photo](https://estonianworld.com/wp-content/uploads/local-avatars/15/1707599474-bpfull-100x100.jpg)

[Sten Hankewitz](https://estonianworld.com/author/stenhankewitz/)
Sten Hankewitz is a lifelong journalist and the Executive Editor at Estonian World. Having lived in Estonia, Spain, the UK and all around the US, he now resides in the White Mountains of New Hampshire. He loves to write and besides working at Estonian World, he [writes books](https://estonianworld.com/culture/the-grand-illusion-estonian-worlds-sten-hankewitz-publishes-a-novel-about-growing-up-in-the-soviet-union/)
 and contributes to other outlets. He has strong convictions and shows them unashamedly. You can follow Sten on [Threads](https://www.threads.net/@stenhankewitz)
, [X](https://twitter.com/stenhankewitz)
 and [Facebook](https://www.facebook.com/shankewitz/)
. You can also [email him](mailto:sten@estonianworld.com)
.