Consumer price level in March 2007

11.04.2007

Compared with February 2007, the average consumer price level in March 2007 rose by 1.4%. Prices for goods increased by 1.6% and prices for services went up by 0.9%.

The rise in the prices of wearing apparel and footwear, food products as well as in the prices of catering had the greatest impact on consumer price changes in March.

With the sales campaigns coming to an end and due to the spring season’s new clothing and footwear appearing on the market, prices for wearing apparel have increased by 6.5% and for footwear – by 6.8%.

Within the foodstuffs` group, meat and meat products experienced the steepest increases in prices (+2.1%), especially poultry meat, milk and milk products, bread and grain products.

There were also increases in the prices of cooking oil and fats, sweets, non-alcoholic beverages and fruit. Prices for alcoholic beverages grew by 1.5%.

Following a price fall in February, the prices of automotive fuel rose by 4.5%. Used cars, car spare parts, drivers` courses and air tickets became more expensive. Prices for furniture and household furnishings have also increased.

In March prices continued to go up for the following services: dwelling maintenance and repair, waste disposal, home care services, health services, recreational and cultural services and tourism services. There were increases in the prices of catering and personal grooming services.

Some vegetables in March became cheaper and a slight fall could be observed in the prices of fish, fish products and eggs. There were price decreases for telecommunication, photographic and data processing equipment. Under the impact of sales campaigns household appliances became cheaper.

Compared with March of the previous year, consumer prices have increased by 8.5% (7.3% for goods and 11.8% for services).

In the first three months this year prices have increased on average by 3.3%.

Consumer price change by commodity groups, %

Commodity group

March 2006-
March 2007

December 2006-
March 2007

February 2007-
March 2007

Total

8.5

3.3

1.4

Food

11.3

4.3

1.2

Alcoholic beverages and tobacco

8.6

3.5

1.1

Clothing and footwear

2.0

-4.0

6.1

Housing, water, electricity, gas and fuels

13.3

4.8

0.6

Furnishing, household equipment and operation

4.7

2.1

1.0

Health care

6.8

3.3

0.5

Transport

7.7

6.0

2.0

Communication

-4.3

-0.4

-0.1

Recreation and culture

3.2

2.3

1.0

Education

11.4

0.7

0.1

Hotels and public catering

15.5

4.5

1.3

Miscellaneous goods and services

10.9

4.2

1.3

For further information:
Consumer Price Indices Section
Central Statistical Bureau of Latvia
Oskars Alksnis 371-7366865