Analytics, Inflation, Latvia

Prices of food decreased by 2.2%, which was mainly influenced by seasonal decrease of vegetables and fruit prices. Due to the discounts prices of bread, dairy products and cheese decreased.

Average level of fuel prices dropped by 4.3%. In august prices of motor vehicles, mainly of new passenger cars, diminished.

With the growth of offer, prices of house maintenance and repair services decreased. Prices of hotel and sanatorium services went down. Due to discounts prices of non-durable household goods, individual care goods, bicycles, sports and recreational equipment decreased. Purchase of new cars became cheaper. Prices of data processing equipment, airline tickets, furniture and furnishings, carpets and floor coverings diminished.

Rent in local government dwellings, prices of refuse collection and other services relating the dwelling as well as prices of liquefied gas grew.

Alcoholic beverages, cereal products, meat and meat products, fish and fish products, eggs, oils and fats, sugar, sweets and non-alcoholic beverages became more expensive.

Prices of wearing apparel, textiles, household goods, as well as school books grew.

Catering, financial, outpatient, as well as recreational, sports and kindergarten services became more expensive.

Compared to August of previous year, consumer prices have increased by 15.7% (annual inflation), of which prices of goods increased by 15.3%, but of services – by 16.8%.

Compared to 12 months of previous year, the average consumer price level of 12 months has grown by 15.6%.

Consumer price change by commodity groups, %