On consumer price changes in September 2011

10.10.2011

Compared to August 2011, the average consumer price level in September 2011 increased by 0.4%. Prices of goods grew by 0.6%, but prices of services – fell by 0.2%.

The largest upward pressures to the price changes came from footwear and clothing, alcoholic beverages, tobacco products and food, but downward – from goods and services related to health and education.

As seasonal sales of the clothing and footwear ended, the prices for these goods grew - by 10.3% and 2.8%, respectively.

Due to the higher excise duty, which was increased in July, the prices for tobacco products rose by 2.3%. With the end of promotions the prices for alcoholic beverages increased by 1.2%.

The greatest upward pressures in food commodity group were put by vegetables, prices for which under the influence of seasonal factors on average grew by 4.0%. With the end of special offers prices for meat products (+1.6%), milk and dairy products (+1.1%), eggs (+4.8%) as well as sauces and spices (+1.7%) have increased. Due to the promotion campaigns the prices for bread (-1.5%), fats and oils (-1.1%), cereal products (-1.3%) and fresh fish (-2.3%) diminished.

The average price level of health care goods and services decreased by 0.8%, which was affected by the cheaper medicine and sanatorium services.

A price reduction in education group was influenced by the 3.0% decrease of the average costs of higher education.

Compared to September of the previous year, consumer prices increased by 4.6%. The average price level for goods increased by 6.1%, but for services – by 0.8%.

The annual average rate of change in September 2011 was 3.8%.

In the 9 months of 2011 the consumer prices have grown by 3.8% (September of this year in comparison with December 2010).

 

Consumer price change by commodity groups, %

Commodity group

September 2010 -
September 2011

December 2010 -
September 2011

August 2011 -
September 2011

Total

4.6

3.8

0.4

Food and non-alcoholic beverages

7.9

3.7

0.4

Alcoholic beverages and tobacco

5.5

5.7

1.7

Clothing and footwear

3.3

2.8

4.9

Housing, water, electricity, gas and other fuels

7.7

8.3

0.1

Household goods and services

0.0

0.1

0.1

Health care

-3.1

0.2

-0.8

Transport

8.5

5.8

-0.1

Communications

-1.8

-1.5

-0.1

Recreation and culture

-1.6

0.8

-0.3

Education

-2.0

-2.0

-1.9

Hotels, cafes and restaurants

2.1

2.4

0.0

Miscellaneous goods and services

1.0

2.9

0.3

 

 

Sub-indices with most important impacts

August 2011 -
September 2011

Impact (percentage points)

Footwear

+0.16

Clothing

+0.09

Tobacco products

+0.07

Vegetables

+0.06

Education

-0.03

Pharmaceutical products

-0.03

Package holidays

-0.04

Bread and cereals

-0.04

 

 

September 2010 -
September 2011

Impact (percentage points)

Fuel

+1.04

Electricity

+0.81

Milk, cheese and eggs

+0.59

Meat

+0.40

Non-alcoholic beverages

+0.31

Bread and cereals

+0.31

Tobacco products

+0.25

Pharmaceutical products

-0.21

 

For further information:

Consumer Price Indices Section
Central Statistical Bureau of Latvia

Oskars Alksnis 371-67366865