Consumer price level in July 2008

08.08.2008

Compared to June 2008 the average consumer price level in July 2008 rose by 0.3%. The average price level for goods did not change, but prices of services increased by 1.1%.

Price increase of food and transport services, as well as, price decrease of clothing and footwear had the major impact on consumer price changes in July.

Within the food group the price increase of meat and meat products by 3.1% had the major impact on consumer price level. The cereals, especially rice, non-alcoholic beverages, sweets, fruit, pastry-cook products, fresh fish and potatoes became more expensive as well.

The prices of transport services on average increased by 6.6%, of which the prices of tickets in intercity buses increased by 28.0%, but prices of tickets in passenger rail transport - by 17.4%. The average prices of automotive fuel rose by 1.6%.

With the continuation of seasonal sales the prices of clothing decreased by 6.4%, but prices of footwear - by 8.2%. Due to the sales the equipment for sport, camping and open-air recreation, household textiles, glassware and tableware and bicycles became less expensive. The prices of computers, TV, audio, video and photographic equipment, telephones, goods and services for the maintenance and repair of dwelling, flowers and toys decreased as well.

Compared to the July of previous year, the consumer prices have increased by 16.7%, of which prices for goods increased by 16.4%, but for services – by 17.4%.

Compared to previous 12 months, the 12-month average consumer price level has increased by 15.2%.

Consumer price change by commodity groups, %:


July 2007 - July 2008

December 2007 -July 2008

June 2008 - July 2008

Total

16.7

9.4

0.3

Food

20.5

10.9

1.4

Alcoholic beverages and tobacco

35.8

27.7

-0.2

Clothing and footwear

-1.7

-9.6

-6.5

Housing, water, electricity, gas and fuels

30.1

18.4

0.3

Furnishing, household equipment and operation

4.1

2.4

-0.1

Health care

15.1

10.4

1.1

Transport

13.8

10.4

1.8

Communication

-5.1

-3.6

-0.2

Recreation and culture

9.0

4.7

-0.3

Education

20.5

2.7

0.0

Hotels and public catering

23.7

11.6

0.7

Miscellaneous goods and services

12.8

7.7

1.4

For further information:
Consumer Price Indices Section
Central Statistical Bureau of Latvia

Oskars Alksnis +371 67366865