Consumer price level in October 2007

08.11.2007

Compared to September 2007, the average consumer price level in October 2007 rose by 2.2%. The average prices for goods rose by 2.5%, but prices of services increased by 1.4%.

The increase in the expenditures on housing, as well as price increase of food products had the greatest impact on consumer price changes in October.

In October prices of heat energy (+11.5%), refuse collection (+12.7%), water supply (+10.1%), sewerage services (+8.8%) and housing maintenance (+1.0%) increased.

The price increase of food products was mainly influenced by the growth of production costs. The highest price increase was recorded for milk and dairy products, bread and cereals, vegetables, meat and meat products, cheese, eggs, fats and oils.

Automotive fuel, solid fuel, liquefied gas, furniture and furnishings, clothing and footwear, pharmaceutical and medical goods, as well as flowers and books also became more expensive.

Price increase was observed for household services, catering services, outpatient services, services connected with personal transport, recreational and cultural services, services of personal care institutions and insurance.

In October prices of airline tickets, telecommunication and data processing equipment decreased. Due to discounts the prices of household appliances, tools and equipment for house, bicycles, TV, audio, video and photo equipment decreased. With the end of summer season the prices of hotel services decreased.

Compared to October of previous year, the consumer prices have increased by 13.2%, of which prices for goods increased by 12.2%, but for services – by 16.0%.

Moving 12 months average rate of change in October 2007 was 8.9%.

Consumer price change by commodity groups, %:

Commodity group

October 2006 -
October 2007

December 2006 -
October 2007

September 2007 -
October 2007

Total

13.2

11.7

2.2

Food

17.3

14.0

3.5

Alcoholic beverages and tobacco

18.9

19.6

0.0

Clothing and footwear

3.9

4.3

1.8

Housing, water, electricity, gas and fuels

22.0

18.7

5.2

Furnishing, household equipment and operation

5.0

4.2

0.6

Health care

8.6

8.4

1.4

Transport

12.0

12.2

0.7

Communication

-6.6

-4.8

0.1

Recreation and culture

5.9

4.8

1.0

Education

18.7

18.5

0.2

Hotels and public catering

20.9

18.9

1.7

Miscellaneous goods and services

12.8

11.6

1.7

For further information:
Consumer Price Indices Section
Central Statistical Bureau of Latvia
Oskars Alksnis 371-67366865