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Thursday, 28.03.2024, 21:05
The average level of consumer prices in Latvia increased by 1.3%
Changes in consumer prices
(as % of the corresponding month of the previous year)
Commodity group impact on Consumer Price Index during the year
(percentage points)
Compared to November 2015, in November 2016 the greatest
pressure on the price changes was put by the rise in prices of food and
non-alcoholic beverages, goods and services related to transport, health care,
recreation and culture, alcoholic beverages and tobacco products, as well as by
the drop in prices of goods and services related to housing.
Compared to the corresponding month of the previous year, in
November 2016 the average level of food and non-alcoholic beverage prices grew
by 2.6%. Increase was recorded in prices of milk, cheese and eggs, meat and
meat products, sugar, bread and cereals, butter, sweets, fresh or chilled fish,
salt and spices, jams and honey, soft drinks. Reduction, in turn, was observed
in prices of coffee, vegetable oil, fresh vegetables, potatoes, and fresh
fruit.
Prices of tobacco products rose by 5.2%. The average level
of alcoholic beverage prices declined by 0.2%.
Prices of goods and services related to housing fell by 1.5%.
Decline was observed also in prices of heat energy, natural gas, solid fuels,
rentals for housing, prices of materials for the maintenance and repair of the
dwelling, whereas increase was recorded in maintenance charges in
multi-occupied buildings, prices of refuse collection, services for the
maintenance and repair of the dwelling, sewage collection, and water supply.
The average level of health care prices grew by 2.8%, which
was mainly due to the rise in prices of pharmaceutical products, dental
services, and prices in medical specialist practices.
Prices of goods and services related to transport went up by
1.3%, which was mainly affected by 3.1% increase in prices of fuels for
transport. Increase was registered also in prices of maintenance and repair of
personal transport equipment, while decline was observed in prices of spare
parts and accessories for personal transport equipment, passenger transport by
air, and passenger transport by road.
Prices of package holidays grew by 7.7%. Rise was recorded
also in prices of cultural services, newspapers and magazines, flowers, and
recreational and sporting services. Decline was observed in prices of
audio-visual equipment.
Among other commodity groups, the most significant growth
was recorded in prices of catering services, telecommunication services, and articles
for personal hygiene and beauty products.
During the month, the average level of consumer prices
increased by 0.2%
Compared to October 2016, in November 2016 the average level
of consumer prices rose by 0.2%. Prices of goods went up by 0.4%, while
prices of services went down by 0.2%.
In November, the greatest pressure on the consumer price
changes was put by the growth in prices of food and non-alcoholic beverages,
goods and services related to transport, as well as by the decline in prices of
clothing and footwear, goods and services related to housing, alcoholic
beverages and tobacco products.
During the month, prices of food and non-alcoholic beverages
went up by 1.2%. Milk, cheese and eggs had the most significant increasing
impact on the price level. Rise was recorded in prices of fresh vegetables,
fresh fruit, butter, dried, salted or smoked meat, sweets, meat preparations,
olive oil, and coffee. Decline, in turn, was observed in prices of poultry,
fresh or chilled fish, vegetable oil, and potatoes.
The average level of alcoholic beverage prices fell by
0.6 %, which was affected by wine and spirits sales. Prices of tobacco
products rose by 0.1%.
Prices of garments dropped by 1.2% and prices of footwear by
1.7%.
Prices of goods and services related to housing went down by
0.2%. Drop was recorded in prices of materials for the maintenance and repair
of the dwelling and rentals for housing.
Within the transport group, the average level of prices rose
by 0.6%, which was mainly affected by 1.8% growth in prices of fuels for
transport. Increase was observed in prices of spare parts and accessories for
personal transport equipment as well as driving lessons.
Within the other commodity groups, the most notable increase
was recorded in prices of flowers, newspapers and magazines, books, articles
for personal hygiene and beauty products. Reduction was registered in prices of
package holidays and pharmaceutical products.