Compared to December 2011 the average consumer price level in January 2012 rose by 0.8%

08.02.2012

Compared to December 2011 the average consumer price level in January 2012 rose by 0.8%. The average prices of goods rose by 1.0%, but of services – by 0.4%.

The greatest upward pressures on the price changes in January were put by housing, transport and food product groups, but downward – by clothing and footwear.

Due to the increase in the natural gas tariffs by 12.2%, the overall gas prices increased by 8.6%, but prices of heat energy grew on average by 9.4%. The refuse collection tariffs grew by 5.2%, whereas prices of other housing maintenance services - by 0.2%.

Within the transport group the prices of petrol increased on average by 5.3%, while prices of diesel - by 2.5%. Growth was recorded also in prices of driving lessons (+2.6%), parking (+1.3%) and airline tickets (+0.5%), but prices of used cars diminished (-1.8%).

In the food group prices increased for fresh meat (+1.5%) and meat products (+1.3%), fish products (+2.5%), fresh vegetables (+12.6%), fruit (+5.0%), juices (+2.1%) and energy drinks (+9.1%), food salt (+5.2%), chocolate confectionery (+8.3%) and bread (+1.8%). Due to special offers price reduction was recorded for cereals (-1.2%), coffee (-3.4%), preserved vegetables       (-1.8%) and soft drinks (-3.6%).

Prices also dropped for alcoholic beverages - by 2.2%, while price increase was recorded for non-durable household goods - by 4.1%, individual care goods - by 3.9% and cut flowers and plants – by 4.9%.

As a result of seasonal sales, prices of clothing and its accessories diminished by 7.1%, but prices of footwear - by 5.3%.

Compared to January of previous year, consumer prices have increased by 3.6%. The average price level for goods increased by 4.3%, but for services - by 1.5%.

The annual average rate of change in January 2012 was 4.4%.

In 2012 the Consumer Price Index (CPI) basket is revised and updated. The weights used in the calculations of the index reflect household expenditure in 2011. 

In 2012 for the calculation of CPI each month in approximately 2 thsd outlets all around the country approximately 19 thsd prices of 491 goods and services are collected.

Consumer price change by commodity groups, %:

Commodity group

Weight, %

January 2011- January 2012

December 2011- January 2012

Total

100.0

3.6

0.8

Food

24.8

3.7

1.1

Alcoholic beverages and tobacco

7.2

3.9

-1.5

Clothing and footwear

5.5

-0.2

-6.4

Housing, water, electricity, gas and fuels

16.7

9.4

3.5

Furnishing, household equipment and operation

4.3

0.4

1.8

Health care

5.7

-0.1

0.0

Transport

13.9

5.6

1.6

Communication

4.1

-2.3

-0.4

Recreation and culture

7.4

0.7

0.8

Education

1.5

-2.0

0.4

Hotels and public catering

3.8

2.7

0.0

Miscellaneous goods and services

5.3

0.9

1.6

Sub-indices with most important impacts:

December 2011- January 2012

Impact (percentage points)

Heat energy

+0.43

Fuels

+0.24

Vegetables

+0.14

Gas

+0.12

Personal care products

+0.08

Alcoholic beverages

-0.09

Footwear

-0.09

Clothing

-0.24

 

January 2011- January 2012

Impact (percentage points)

Fuels

+0.66

Heat energy

+0.62

Electricity

+0.46

Tobacco products

+0.31

Milk, cheese and eggs

+0.30

Gas

+0.30

Meat and meat products

+0.27

Vegetables

-0.26

 

 

For further information:
Consumer Price Indices Section
Central Statistical Bureau of Latvia
Oskars Alksnis 371-67366865