On consumer price changes in May 2011

08.06.2011

Compared to April 2011, the average consumer price level in May 2011 increased by 0.4%. Prices of goods rose by 0.5% and of services – by 0.1%.

The largest upward pressures to the price changes came from food and housing, but downward – from goods and services related to health.

The average price level for food rose by 1.1%. That was mainly driven by the end of discounts for bread and cereals (+2.3%), meat (+1.5%) and eggs (+1.9%). Price growth was recorded for coffee, oils and fats, sugar and fish, meantime due to discounts prices decreased for fruits, cheese and soft drinks. The price fall for vegetables by 1.3% is a result of seasonal factors.

The major contributor to the increase in housing was heat energy (+2.7%). Price growth was recorded for materials for maintenance and repair of the dwelling (+0.7%), solid fuel (+1.8%) and rent (+0.4%). Meantime services for maintenance and repair of the dwelling (-1.1%) provided the most significant offset.

Prices for clothing and footwear increased by 1.4%, but prices for goods and services related to health decreased by 0.9%.

Compared to May of the previous year, consumer prices increased by 5.0%. The average price level for goods increased by 6.7%, but for services – by 0.4%.

The annual average rate of change in May 2011 was 2.1%.

Consumer price change by commodity groups, %:

Commodity group

May 2010 - May 2011

December 2010 - May 2011

April 2011 - May 2011

Total

5.0

3.8

0.4

Food and non-alcoholic beverages

11.3

6.6

1.1

Alcoholic beverages and tobacco

1.1

1.2

0.0

Clothing and footwear

5.2

5.2

1.4

Housing, water, electricity, gas and other fuels

7.6

5.1

0.9

Household goods and services

0.0

1.1

-0.1

Health care

-3.4

-0.2

-0.9

Transport

7.4

5.8

-0.2

Communications

-1.9

-1.2

0.0

Recreation and culture

-2.2

0.7

-0.6

Education

1.3

-0.1

-0.1

Hotels, cafes and restaurants

1.0

1.8

0.1

Miscellaneous goods and services

0.4

1.6

-0.5

 

Sub-indices with most important impacts:

April 2011 - May 2011

Impact (percentage points)

Heat energy

+0.12

Bread and cereals

+0.10

Meat

+0.09

Tea, coffee

+0.08

Tobacco products

+0.06

Fuel

-0.05

Alcoholic beverages

-0.05

Pharmaceutical products

-0.06

 

May 2010 - May 2011

Impact (percentage points)

Fuel

+0.96

Milk, cheese and eggs

+0.93

Electricity

+0.81

Bread and cereals

+0.41

Footwear

+0.29

Tea, coffee

+0.28

Meat

+0.21

Pharmaceutical products

-0.24

 

For further information:
Consumer Price Indices Section
Central Statistical Bureau of Latvia
Inga Kunstvere 371-67366852