On consumer price changes in April 2011

10.05.2011

Compared to March 2011 the average consumer price level in April 2011 rose by 1.1%. The average prices of goods rose by 1.6%, but the average prices of services didn’t change.

The largest upward pressure to the average price level in April came from goods and services related to housing, clothing, footwear, food and fuel.

In housing group the greatest impact came from the growth of electricity tariffs, which grew on average by 14.1%. Prices of solid fuel increased by 0.9% while prices of heat energy fell by 0.5%.

Due to the end of seasonal sales and price rises for new season clothing and footwear their prices rose by 3.5% and 11.9% respectively.

In food group prices increased for fresh meat (+1.5%), milk and dairy products (+1.3%), fresh vegetables (+3.9%), fats and oils (+3.1%), sugar (+8.8%), fish and fish products (+2.0%), coffee (+4.4%) and mayonnaise (+8.1%).  Influenced by the special offers, prices decreased for bread   (-1.4%), cheese (-0.7%) and eggs (-0.9%).  Fruit also became cheaper (-1.5%).

Prices of goods and services related to transport on average rose by 1.1%. The major contributor to price increase were fuel prices which on average rose by 2.2%, of which prices of petrol rose by 2.7%, but prices of diesel – by 0.9%. Prices grew for services of passenger transport by railway but fell for services of passenger transport by road and air.

Price increases were also recorded for alcoholic beverages, non-durable household goods, recreational and sports equipment. Meantime price drops were recorded for pharmaceutical products, individual care goods, audio, visual, photographic and data processing equipment as well as for mobile telecommunication services and package holidays.

Compared to April of previous year, consumer prices have increased by 4.5%. The average price level of goods increased by 6.1%, but of services - by 0.2%.

The annual average rate of change in April 2011 was 1.5%.

Consumer price change by commodity groups, %:

Commodity group

April 2010 - April 2011

December 2010 - April 2011

March 2011 - April 2011

Total

4.5

3.5

1.1

Food

9.9

5.4

1.0

Alcoholic beverages and tobacco

1.3

1.2

0.5

Clothing and footwear

3.5

3.8

6.3

Housing, water, electricity, gas and fuels

7.4

4.2

2.8

Furnishing, household equipment and operation

-1.1

1.2

0.8

Health care

-2.8

0.7

0.0

Transport

7.6

6.0

1.1

Communication

-2.1

-1.2

-0.4

Recreation and culture

-1.9

1.3

-0.8

Education

1.5

0.0

0.0

Hotels and public catering

0.8

1.7

0.3

Miscellaneous goods and services

0.2

2.2

-0.8

Sub-indices with most important impacts:

March 2011 - April 2011

Impact (percentage points)

Electricity

+0.46

Footwear

+0.19

Fuels

+0.14

Clothing

+0.11

Vegetables

+0.06

Meat and meat products

+0.05

Sugar, honey, confectionery

+0.04

Personal care products

-0.04

 

April 2010 - April 2011

Impact (percentage points)

Fuels

+1.01

Milk, cheese and eggs

+0.92

Electricity

+0.81

Bread and cereal products

+0.29

Vegetables

+0.28

Footwear

+0.23

Non-alcoholic beverages

+0.22

Pharmaceutical products

-0.19

 

 

 

 

 

 

 

 

 

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