On consumer price changes in 2009

11.01.2010

The consumer prices in 20091) have decreased by 1.2%, of which prices for goods decreased by 1.2%, but for services – by 1.0%.

Price decrease of food and non-alcoholic beverages, goods and services related to housing maintenance, clothing and footwear, as well as price growth of alcoholic beverages and tobacco products, transport and medical services had the greatest impact on consumer price changes in 2009.

Average price level of food products and non-alcoholic beverages decreased by 6.3%. The major price drop was recorded for fresh vegetables – 28.6%, potatoes – 39.5%, dairy products – 11.0%, fruit – 11.7%, oils and fats – 11.4% and cereal products – 9.5%.

In housing group the most notable price decrease had energy products: heat energy – 23.2%, gas – 18.4%, and solid fuel – 12.9%. Rents decreased on average by 27.8%.

In group of clothing and footwear price decrease continued in all main segments: Prices of clothing dropped on average by 8.2%, of footwear – by 9.9%, of fabrics – by 5.5% and of accessories – by 0.3%.

Prices of alcoholic beverages and tobacco products, which during a year grew by 12.6% and by 28.7%, respectively, had the greatest impact on consumer price increase.

Price rise in health group mainly was influenced by the changes in the administered prices, as well as by the tax changes. Average price level of pharmaceutical and medical goods grew by 12.9%.

In transport group increase of fuel prices by 20.4% had the major impact on consumer price changes.

Administered prices in 2009 grew by 2.2%. Average level of non-administered prices decreased by 1.7%.

The annual average consumer price increase in 2009 was 3.5%.2)

Compared to November, in December the consumer prices decreased by 0.5% (both for goods and services prices decreased by 0.5%).

Price drop of footwear, clothing and fuel, as well as price rise of fruit, milk, cheese and eggs had the greatest impact on consumer price changes during a month.

Due to the seasonal discounts and sales campaigns prices of footwear decreased by 6.3%, but of clothing – by 2.8%.

Lower prices were recorded for fuel – by 1.7%, of which prices of petrol decreased by 1.6%, but prices of diesel oil – by 2.3%.

Due to the seasonal influence prices of fruit grew by 5.4%, but prices of vegetables rose by 2.6%. Prices of milk and dairy products increased by 0.8%, of cheese – by 0.9%, but of eggs – by 4.3%.

Consumer price change by commodity groups, %:

Commodity group

December 2008 -
December 2009

November 2009 -
December 2009

Total

-1.2

-0.5

Food

-6.3

0.3

Alcoholic beverages and tobacco

19.8

-0.3

Clothing and footwear

-8.2

-3.7

Housing, water, electricity, gas and fuels

-9.1

-0.4

Furnishing, household equipment and operation

-3.2

-0.6

Health care

16.6

0.4

Transport

3.0

-0.9

Communication

-2.9

-0.2

Recreation and culture

-0.1

0.1

Education

10.2

0.0

Hotels and public catering

-6.5

-0.6

Miscellaneous goods and services

0.0

-1.2

 

 

 

 

 

 

 

 

 

 

 

Sub-indices with most important impacts:

November 2009 -
December 2009

Impact (percentage points)

Fruit

+0.07

Milk, cheese and eggs

+0.05

Catering services

-0.03

Meat and meat products

-0.03

Personal care products

-0.03

Fuels

-0.09

Clothing

-0.12

Footwear

-0.13

 

 

 

 

 

 

 

 

December 2008 -
December 2009

Impact (percentage points)

Tobacco products

+0.92

Fuels

+0.87

Alcoholic beverages

+0.50

Pharmaceutical products

+0.40

Clothing

-0.37

Milk, cheese and eggs

-0.41

Vegetables, potatoes

-0.44

Heat energy

-0.86







 

 

 

 

 

 

For further information:

Consumer Price Indices Section
Central Statistical Bureau of Latvia
Oskars Alksnis 371-67366865

 

1) Price changes between December 2009 and December 2008 (annual rate of change)
2) 12-month average rate of change