Consumer price level in March 2008 rose by 1.5%

08.04.2008

Compared to February 2008, the average consumer price level in March 2008 rose by 1.5%. Prices of goods increased by 1.4%, but prices of services – by 1.7%.

The price increase of heat energy, fuel, clothing and footwear had the greatest impact on price changes in March.

The prices of heat energy on average grew by 6.4%. With the end of sales campaigns and with the beginning of spring season, prices increased for clothing (+4.0%) and footwear (+7.7%). The prices of fuel on average grew by 3.1%, the highest price increase was recorded for diesel.

Prices increased for food products: fruit, fresh vegetables, bread and cereal products, preserved fish and vegetables, confectionary, honey, oils, eggs and other foodstuffs. The prices of alcoholic beverages increased by 2.3%.

In March due to the discounts the prices of selected dairy products, cheese, chicken meat, sugar and coffee decreased. The prices of main household appliances, TV, audio, video, photo and data processing equipment, as well as of telephones decreased.

Compared to March of previous year, the consumer prices have increased by 16.8%, of which prices for goods increased by 16.5%, but for services – by 17.4%.

Compared to previous 12 months, the average consumer price level has increased by 12.3%.

In the 3 months of this year, the prices have grown by 5.7%.

Consumer price change by commodity groups, %

Commodity group

March 2007 -
March 2008

December 2007 -
March 2008

February 2008 -
March 2008

Total

16.8

5.7

1.5

Food

20.8

5.1

0.8

Alcoholic beverages and tobacco

45.0

24.2

1.2

Clothing and footwear

2.4

-2.5

4.8

Housing, water, electricity, gas and fuels

25.2

8.4

2.0

Furnishing, household equipment and operation

4.0

1.9

0.0

Health care

12.9

6.6

0.9

Transport

13.3

4.6

1.3

Communication

-8.3

-2.6

0.0

Recreation and culture

9.4

4.6

2.3

Education

20.0

1.8

0.4

Hotels and public catering

23.5

6.4

1.7

Miscellaneous goods and services

13.9

5.0

1.6

For further information:

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