On consumer price changes in September 2012

08.10.2012

Compared to August 2012 the average consumer price level in September 2012 roseby 0.5%. The average prices of goods rose by 0.8%, but of services decreased by 0.4%.

The greatest upward pressures on the price changes in September were put by clothing and footwear, transport, alcoholic beverages, while reduction of food and non-alcoholic beverage prices as well as prices of education services and health care goods and services had the most significant diminishing impact.

Growth in prices of clothing and footwear was stimulated by both trade in goods of new season and end of sales, thus footwear prices increased by 9.7% and clothing prices by 3.5%.

Seasonal drop of the vegetable prices by 5.4% had the greatest influence on the food commodity group. Due to special offers, the prices of sausages and smoked meat reduced (‑1.1%), as well as prices of tea and coffee (-2.1%), juices and soft drinks (-4.7%), milk and dairy products (-0.3%). Whereas prices of bread rose by 2.0%, prices of fresh meat – by 3.0% and prices of fruit – by 0.9%.

Prices of alcoholic beverages increased by 2.1%, of which prices of beer rose by 2.2%, prices of vine – by 2.1% and prices of spirits – by 2.0%.

Average fuel price level increased by 3.3%, of which prices of petrol grew by 4.3%, prices of diesel – by 1.6% and prices of liquid petroleum gas – by 3.5%.

Average price level of health care goods and services decreased by 0.5%, which was affected by the cheaper pharmaceutical products and supplements as well as sanatorium services.

Price diminish in education group was due to the decrease of higher education costs by 1.6%.

Prices of cultural services, individual care goods and other individual goods increased. Price reduction was recorded in package holiday prices, prices of ferry tickets, services of passenger transport by road, airline tickets as well as insurance services.

Compared to September of previous year, consumer prices have increased by 1.8%. The average price level for goods increased by 1.9%, but for services – by 1.6%.

The annual average rate of change in September 2012 was 2.9%.

Consumer price change by commodity groups, %:

Commodity group

September 2011 -

September 2012

December 2011 -

September 2012

August 2012 -

September 2012

Total

1.8

1.6

0.5

Food

1.6

0.6

-0.1

Alcoholic beverages and tobacco

0.5

-0.6

1.2

Clothing and footwear

-4.0

-2.8

5.0

Housing, water, electricity, gas and fuels

5.3

5.9

0.1

Furnishing, household equipment and operation

-1.8

-1.2

-0.1

Health care

0.8

0.6

-0.5

Transport

4.4

3.9

1.1

Communication

-2.1

-2.0

-0.1

Recreation and culture

1.0

1.1

0.0

Education

-1.0

-0.7

-1.0

Hotels and public catering

2.2

1.3

-0.1

Miscellaneous goods and services

1.5

2.6

0.6

Sub-indices with most important impacts:

August 2012 -
September 2012

Impact (percentage points)

Fuels

+0.21

Footwear

+0.15

Clothing

+0.11

Alcoholic beverages

+0.08

Meat and meat products

+0.07

Bread and cereals

+0.05

Non-alcoholic beverages

-0.06

Vegetables

-0.10

 

September 2011 -
September 2012

Impact (percentage points)

Fuels

+0.65

Heat energy  

+0.63

Fruit

+0.18

Gas

+0.17

Tobacco products

+0.10

Actual rentals for housing

+0.10

Clothing

-0.10

Motor cars

-0.13

For further information:

Consumer Price Indices Section
Central Statistical Bureau of Latvia

Oskars Alksnis
+371 67366865