Consumer price level in September 2007

08.10.2007

Compared to August 2007, the average consumer price level in September 2007 rose by 1.9%. The average prices for goods rose by 1.6%, but prices of services increased by 2.5%.

The rise in the prices of wearing apparel and footwear, education and catering services, heating energy, as well as milk and dairy products had the greatest impact on consumer price changes in September.

As the seasonal discounts terminated and goods of new season entered the market, the prices of wearing apparel increased by 7.8% and prices of footwear by 17.6%.

With the beginning of new school year, the education services on average increased by 16.2%.

In the food commodity group the highest price increase was recorded for milk and dairy products. The prices increased for meat and meat products, grain products, bread, vegetables, cheese, eggs, fats and oils. The prices of fruit, potatoes and fish became cheaper. The prices of alcoholic beverages increased, mainly for the strong alcoholic beverages and vines.

The prices increased for housing maintenance and repair, household services, railway services, driver’s courses, recreational and sports services, services of personal care institutions, insurance.

The prices of used cars, photo and data processing equipment decreased. Due to the discounts the prices of TV, audio and video equipment and bicycles decreased as well.

Compared to the September of previous year, the consumer prices have increased by 11.4%, of which prices for goods increased by 10.1%, but for services – by 14.9%.

The annual average rate of change in September 2007 was 8.2%.

Consumer price change by commodity groups, %:

Commodity group

September 2006 -
September 2007

December 2006 -
September 2007

August 2007 -
September 2007

Total

11.4

9.4

1.9

Food

14.8

10.2

1.3

Alcoholic beverages and tobacco

18.5

19.6

0.7

Clothing and footwear

4.8

2.5

10.3

Housing, water, electricity, gas and fuels

16.7

12.7

1.4

Furnishing, household equipment and operation

5.1

3.5

0.5

Health care

7.0

6.8

0.9

Transport

9.1

11.4

0.0

Communication

-6.7

-4.9

0.0

Recreation and culture

5.2

3.8

0.8

Education

18.6

18.3

16.2

Hotels and public catering

20.1

16.9

3.7

Miscellaneous goods and services

12.0

9.8

1.9

For further information:

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