Consumer price level in October 2006

08.11.2006

Compared to September 2006, the average level of consumer prices in October 2006 rose by 0.5%. Prices for goods increased by 0.6% and prices for services went up by 0.4%.

The rise in the prices of food products, wearing apparel and footwear as well as the fall in the prices of automotive fuel had the greatest impact on price changes.

As opposed to the price decrease in previous months, the prices of vegetables in October went up. There were price increases for meat and meat products, bread, cereal products and confectionery. Prices for milk and milk products, cheese, eggs, cooking oil, fats and sugar also went up.

The increases in the prices of wearing apparel and footwear were mainly caused by the clearance sales coming to an end.

There were price increases for heating and solid fuel.

The prices of automotive fuel in October continued to decrease.

Under the impact of sales actions, tobacco products became cheaper. With the winter prices taking effect, the prices of hotel services went down.

Compared with October last year, consumer prices have increased by 5.6% (5.3% for goods and 6.7% for services).

The increases in the prices of catering services, vegetables and heating as well as the decreases in the prices of fuel and telecommunications had the greatest impact on price changes during twelve month.

Consumer price change by commodity groups, %:

Commodity group

October 2005 -
October 2006

December 2005 -
October 2006

September 2006 -
October 2006

Total

5.6

5.5

0.5

Food

8.6

6.4

1.2

Alcoholic beverages and tobacco

8.7

8.6

-0.3

Clothing and footwear

0.3

2.1

2.7

Housing, water, electricity, gas and fuels

12.5

10.8

0.6

Furnishing, household equipment and operation

2.6

2.8

0.7

Health care

5.8

5.8

0.0

Transport

-1.7

1.9

-1.9

Communication

-6.5

-3.0

-0.1

Recreation and culture

2.6

1.6

0.3

Education

11.0

10.7

0.1

Hotels and public catering

11.4

10.1

1.0

Miscellaneous goods and services

6.3

6.1

1.0

For further information:

Consumer Price Indices Section
Central Statistical Bureau of Latvia
Oskars Alksnis 371-7366865