Consumer price level in february 2008

10.03.2008

Compared to January 2008, the average consumer price level in February 2008 rose by 1.3%. Prices for goods increased by 1.5%, but prices for services – by 0.9%.

The rise in the prices of tobacco products, heating energy, as well as services related to the housing maintenance and the price decrease of telecommunication services had the greatest impact on consumer price changes in February.

The prices of milk and dairy products, eggs, cereal products, confectionery, meat, fish and fish products, sweets, fats and oils, as well as other food products and non-alcoholic beverages continued to rise.

The prices of catering services, services of individual care and health care institutions, transport services, legal and financial services, maintenance and repair of motor vehicles, pharmaceutical goods, flowers, pet food, books and stationery increased.

Due to the sales campaigns, the prices of wearing apparel decreased. The price decrease also was recorded for services of mobile telecommunications, automotive fuel, TV, audio, video and photographic equipment, recording media and telephones.

Compared to the February of previous year, the consumer prices have increased by 16.7%, of which prices for goods increased by 16.7%, but for services – by 16.5%.

Moving 12 months average rate of change in February 2008 was 11.6%.

Consumer price change by commodity groups, %:

 

Commodity group

February 2007 -
February 2008

December 2007 -
February 2008

January 2008 -
February 2008

Total

16.7

4.2

1.3

Food

21.3

4.2

1.3

Alcoholic beverages and tobacco

44.8

22.7

5.3

Clothing and footwear

3.7

-7.0

-0.5

Housing, water, electricity, gas and fuels

23.5

6.3

5.2

Furnishing, household equipment and operation

5.0

1.8

0.5

Health care

12.4

5.6

1.0

Transport

14.1

3.3

0.1

Communication

-8.4

-2.6

-6.2

Recreation and culture

8.0

2.3

0.2

Education

19.7

1.4

0.1

Hotels and public catering

23.0

4.6

1.8

Miscellaneous goods and services

13.5

3.3

1.4

 

For further information:

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