On consumer price changes in March 2010

12.04.2010

Compared to February 2010 the average consumer price level in March 2010 rose by 0.5%. The average prices of goods increased by 0.7%, but prices of services decreased by 0.1%.

Price growth of goods and services in food, clothing, footwear and transport consumption groups as well as price drop of goods and services related to health care had the major impact on consumer price changes in March.

Prices of food on average rose by 0.8%, having the biggest upward impact on the headline rate of inflation. Due to seasonal influence prices of vegetables and fruit grew by 15.2% and 2.2% respectively. Price increase was recorded also for fresh meat and fish, cheese, eggs and sugar, while bread and cereals, processed meat and fish, fats and oils, tea, coffee became cheaper.

Due to end of sales and appearance of new seasonal articles prices of clothing increased by 4.2% and prices of footwear – by 4.7%.

Prices of fuels on average grew by 2.4%, of which prices of petrol - by 2.6% and prices of diesel – by 2.1%. Meanwhile prices of airline tickets dropped by 0.9%.

In March the average price level of medical services and goods decreased by 1.2%, having the major downward impact on the headline rate of inflation. That was mainly influenced by price decrease of pharmaceutical goods, services of specialist practitioners and dentists.

Compared to March of previous year, consumer prices have decreased by 3.9% (up from 4.2% in February), of which prices of goods decreased by 3.1%, but of services – by 6.0%.

The annual average rate of change in March 2010 was 0.3% (down from 1.3% in February).

In the 3 months of this year, the prices have grown by 0.6%.

Consumer price change by commodity groups, %:

Commodity group

March 2009 -
March 2010

December 2009 -
March 2010

February 2010 -
March 2010

Total

-3.9

0.6

0.5

Food and non-alcoholic beverages

-4.7

3.1

0.8

Alcoholic beverages and tobacco

4.7

1.4

-0.1

Clothing and footwear

-8.2

-3.6

3.9

Housing, water, electricity, gas and fuels

-12.6

-1.0

0.0

Furnishing, household equipment and operation

-5.3

-0.9

-0.1

Health care

0.0

-2.2

-1.2

Transport

3.8

4.2

1.1

Communication

-5.4

-1.1

0.0

Recreation and culture

-5.3

-1.2

-0.1

Education

7.6

-0.5

0.0

Hotels, cafés and restaurants

-8.2

-1.0

-0.2

Miscellaneous goods and services

-4.2

-0.8

0.4


 

 

 

 

 

 

 

 

 

 

 

 

Sub-indices with most important impacts:

February 2010 -
March 2010

Impact (percentage points)

Vegetables, potatoes

+0.21

Clothing

+0.15

Fuels

+0.14

Footwear

+0.08

Fruit

+0.03

Milk, cheese and eggs

+0.03

Bread and cereals

-0.05

Pharmaceutical products

-0.05


 

 

 

 

 

 

 

 

March 2009 -
March 2010

Impact (percentage points)

Fuels

+0.88

Gas

-0.22

Milk, cheese and eggs

-0.23

Bread and cereals

-0.23

Clothing

-0.34

Meat and meat products

-0.38

Catering services

-0.42

Heat energy

-0.95


 

 

 

 

 

 

 

 

For further information:

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