On consumer price changes in June 2009

08.07.2009

Compared to May 2009, the average consumer price level in June 2009 decreased by 0.5%. The average prices of goods decreased by 0.6%, but prices of services - by 0.4%.

The decrease of the prices of heat energy, vegetables, clothing and footwear as well as price increase of fuel had the major impact on consumer price changes in June.

Following to the price decrease of natural gas, heat energy in June became cheaper by 9.1%, having the biggest downward impact on headline rate of consumer price changes.

Due to the seasonal fluctuations, average price level of vegetables decreased by 10.8%, while prices of fruit on average grew by 5.4%.

Various special offers contributed to price decrease of food products (-0.6%), especially of bread and cereal products, milk and dairy products, oils, fats and fresh meat.

Meanwhile seasonal sales set the price decrease of wearing apparel (-2.2%) and footwear (-4.5%).

In June price decrease was recorded also for furniture and furnishings, household goods, materials for house maintenance and repair, pet food, books, mobile telephones and pharmaceutical goods, solid fuels and liquefied gas.

Non-social rents, housing maintenance and repair services, sewing and cleaning of wearing apparel, domestic and household services, maintenance and repair of private motor vehicles, driver’s courses, recreational and cultural services, services of individual care institutions and catering services became cheaper as well.

The major upward impact came from price increase of fuel for personal transport (+5.6%).

Prices continued to grow for tobacco products (+1.1%) and due to the end of special offers major household appliances, non-durable household goods, individual care goods, toys, stationary and materials for drawing materials became more expensive. Prices increased also for package holidays and airline tickets.

Compared to June of previous year, consumer prices have increased by 3.4%, of which prices of goods increased by 2.0%, but of services – by 7.1%.

The annual average rate of change in June 2009 was 10.2%.

In the 1st half of 2009 the consumer prices grew by 2.1% (June of this year in comparison with December 2008).

Consumer price change by commodity groups, %:

Commodity group

June 2008-
June 2009

December 2008 -
June 2009

May 2009 -
June 2009

Total

3.4

2.1

-0.5

Food

-0.6

-1.1

-0.6

Alcoholic beverages and tobacco

18.0

18.4

0.7

Clothing and footwear

-5.4

-6.3

-2.7

Housing, water, electricity, gas and fuels

7.5

-3.6

-2.8

Furnishing, household equipment and operation

1.3

0.2

-0.7

Health care

19.9

16.7

-0.9

Transport

-3.9

6.1

1.7

Communication

-0.1

-0.1

-0.3

Recreation and culture

4.4

2.8

-0.4

Education

22.2

2.3

0.0

Hotels and public catering

2.6

-1.7

-0.6

Miscellaneous goods and services

4.6

2.0

0.0


Sub-indices with most important impacts:

May 2009 -
June 2009

Impact (percentage points)

Fuels

+0.27

Fruit

+0.08

Furniture and furnishings

-0.05

Milk, cheese and eggs

-0.06

Footwear

-0.09

Clothing

-0.09

Vegetables

-0.13

Heat energy

-0.31

June 2008 -
June 2009

Impact (percentage points)

Tobacco products

+0.90

Water supply and miscellaneous services relating the dwelling

+0.54

Alcoholic beverages

+0.41

Heat energy

+0.41

Pharmaceutical products

+0.37

Gas

+0.37

Milk, cheese and eggs

-0.43

Fuels

-0.54


For further information:

Consumer Price Indices Section
Oskars Alksnis
Tel. 371-67366865