On consumer price changes in March 2011

08.04.2011

Compared to February 2011, the average consumer price level in March 2011 increased by 0.7%. Prices of goods rose by 0.9% and of services – by 0.1%.

The largest upward pressures to the price changes came from transport, clothing and footwear, and food, but downward – from housing.

Prices of goods and services related to transport grew by 2.3%. The increase was mainly due to the rise in prices of fuel (+4.7%).  The price increase was recorded also for spare parts and accessories for personal transport equipment, motor cars, bicycles, hire of parking spaces and passenger transport by road.

Clothing and footwear prices increased by 6.0% of which prices of clothing – by 3.3%, but prices of footwear - by 12.6%. The increases were due to the end-of-winter season sales and price rises for new season clothing and footwear.

The average price level for food rose by 0.4%. That was mainly driven by the end of specials for milk, cheese and eggs (+1.5%), sugar and confectionery (+1.3%), non-alcoholic beverages (+0.6%) and processed fish (+2.4%). Due to specials price decrease was observed for bakery products, oils and fats and fresh fish.

Prices of goods and services related to housing decreased by 0.3%. The largest downward pressure came from heat energy (-1.3%) and services for maintenance and repair of the dwelling (-3.1%). Meantime solid fuels (+1.2%) provided the most significant offset.

Due to the end of specials price increase was observed for products for personal care, cleaning and maintenance products.

Compared to March of the previous year, consumer prices increased by 4.2%. The average price level for goods increased by 5.9%, but for services – decreased by 0.2%.

The annual average rate of change in March 2011 was 0.8%.

Within 3 months of 2011 the consumer prices grew by 2.3% (March of this year in comparison with December 2010).

Consumer price change by commodity groups, %:

Commodity group

March 2010 - March 2011

December 2010 - March 2011

February 2011 - March 2011

Total

4.2

2.3

0.7

Food and non-alcoholic beverages

9.3

4.3

0.4

Alcoholic beverages and tobacco

0.8

0.7

-0.5

Clothing and footwear

-1.2

-2.4

6.0

Housing, water, electricity, gas and other fuels

8.8

1.4

-0.3

Household goods and services

-2.2

0.4

0.2

Health care

-1.6

0.7

-0.2

Transport

7.8

4.9

2.3

Communications

-3.0

-0.8

-0.5

Recreation and culture

-1.6

2.1

0.4

Education

1.5

0.1

0.0

Hotels, cafes and restaurants

0.2

1.3

0.6

Miscellaneous goods and services

0.6

3.0

1.7

Sub-indices with most important impacts:

February 2011 - March 2011

Impact (percentage points)

Fuels

+0.28

Footwear

+0.18

Clothing

+0.10

Products for personal care

+0.08

Milk, cheese and eggs

+0.08

Vegetables

+0.06

Bread and cereals

-0.03

Heat energy

-0.06

 

March 2010 - March 2011

Impact (percentage points)

Fuels

+1.06

Milk, cheese and eggs

+0.87

Heat energy

+0.62

Electricity

+0.34

Bread and cereals

+0.33

Vegetables

+0.30

Fruit

+0.26

Clothing

-0.16

 

 

 

 

 

 

 

 

 

 

 

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