During the year, the average level of consumer prices increased by 1.3 %

08.12.2016

The latest data of the Central Statistical Bureau (CSB) show that during the year* (in November 2016, compared to November 2015) the average level of consumer prices increased by 1.3 %. Prices of goods grew by 0.6 % and prices of services by 2.9 %.

 

Changes in consumer prices

(as % of the corresponding month of the previous year)

 

 

Commodity group impact on Consumer Price Index during the year

(percentage points)

 

Compared to November 2015, in November 2016 the greatest pressure on the price changes was put by the rise in prices of food and non-alcoholic beverages, goods and services related to transport, health care, recreation and culture, alcoholic beverages and tobacco products, as well as by the drop in prices of goods and services related to housing.

Compared to the corresponding month of the previous year, in November 2016 the average level of food and non-alcoholic beverage prices grew by 2.6 %. Increase was recorded in prices of milk, cheese and eggs, meat and meat products, sugar, bread and cereals, butter, sweets, fresh or chilled fish, salt and spices, jams and honey, soft drinks. Reduction, in turn, was observed in prices of coffee, vegetable oil, fresh vegetables, potatoes, and fresh fruit.

Prices of tobacco products rose by 5.2 %. The average level of alcoholic beverage prices declined by 0.2 %.

Prices of goods and services related to housing fell by 1.5 %. Decline was observed also in prices of heat energy, natural gas, solid fuels, rentals for housing, prices of materials for the maintenance and repair of the dwelling, whereas increase was recorded in maintenance charges in multi-occupied buildings, prices of refuse collection, services for the maintenance and repair of the dwelling, sewage collection, and water supply.

The average level of health care prices grew by 2.8 %, which was mainly due to the rise in prices of pharmaceutical products, dental services, and prices in medical specialist practices.

Prices of goods and services related to transport went up by 1.3 %, which was mainly affected by 3.1 % increase in prices of fuels for transport. Increase was registered also in prices of maintenance and repair of personal transport equipment, while decline was observed in prices of spare parts and accessories for personal transport equipment, passenger transport by air, and passenger transport by road.

Prices of package holidays grew by 7.7 %. Rise was recorded also in prices of cultural services, newspapers and magazines, flowers, and recreational and sporting services. Decline was observed in prices of audio-visual equipment.

Among other commodity groups, the most significant growth was recorded in prices of catering services, telecommunication services, and articles for personal hygiene and beauty products.

During the month, the average level of consumer prices increased by 0.2 %

Compared to October 2016, in November 2016 the average level of consumer prices rose by 0.2 %. Prices of goods went up by 0.4 %, while prices of services went down by 0.2 %.

In November, the greatest pressure on the consumer price changes was put by the growth in prices of food and non-alcoholic beverages, goods and services related to transport, as well as by the decline in prices of clothing and footwear, goods and services related to housing, alcoholic beverages and tobacco products.

During the month, prices of food and non-alcoholic beverages went up by 1.2 %. Milk, cheese and eggs had the most significant increasing impact on the price level. Rise was recorded in prices of fresh vegetables, fresh fruit, butter, dried, salted or smoked meat, sweets, meat preparations, olive oil, and coffee. Decline, in turn, was observed in prices of poultry, fresh or chilled fish, vegetable oil, and potatoes.

The average level of alcoholic beverage prices fell by 0.6 %, which was affected by wine and spirits sales. Prices of tobacco products rose by 0.1 %.

Prices of garments dropped by 1.2 % and prices of footwear by 1.7 %.

Prices of goods and services related to housing went down by 0.2 %. Drop was recorded in prices of materials for the maintenance and repair of the dwelling and rentals for housing.

Within the transport group, the average level of prices rose by 0.6 %, which was mainly affected by 1.8 % growth in prices of fuels for transport. Increase was observed in prices of spare parts and accessories for personal transport equipment as well as driving lessons.

Within the other commodity groups, the most notable increase was recorded in prices of flowers, newspapers and magazines, books, articles for personal hygiene and beauty products. Reduction was registered in prices of package holidays and pharmaceutical products.

Consumer price changes by commodity group, %

 

Sub-indices having the greatest impact,

percentage points

Commodity group

Price changes in November 2016, compared to

November 2015

December 2015

October 2016

Total

1.3

1.6

0.2

Food

2.6

3.4

1.2

Alcohol, tobacco

1.7

0.7

-0.3

Clothing, footwear

-0.4

2.8

-1.2

Housing

-1.5

-1.4

-0.2

Furnishings

-0.5

-0.1

-0.1

Health

2.8

2.8

-0.2

Transport

1.3

1.3

0.6

Communication

2.2

2.3

-0.1

Recreation, culture

1.9

1.7

-0.2

Education

1.9

1.9

0.0

Restaurants, hotels

2.0

2.0

-0.2

Miscellaneous

1.8

2.3

0.1

 

 

During the month

Milk, cheese, eggs

0.15

Fresh vegetables

0.10

Fuels for transport

0.10

Fresh fruit

0.05

Butter

0.02

Footwear

-0.03

Poultry

-0.04

Garments

-0.04

 

 

During the year

Maintenance charges in multi-occupied buildings

0.27

Milk, cheese, eggs

0.20

Meat and meat products

0.18

Fuels for transport

0.18

Tobacco products

0.16

Pharmaceutical products

0.10

Natural gas

-0.13

Heat energy

-0.32

 

 


Information on consumer price changes in December 2016 will be published on 11 January 2017.

More detailed information on consumer price changes is available in the CSB database section Consumer prices.

* The annual inflation reflects consumer price changes, comparing the average price level in the comparison month with the average price level in the corresponding month of the previous year.

 

Media requests:
Beate Danusēviča
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Phone: +371 67366924, +371 27880666
www.csb.gov.lv
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More information on data:
Nataļja Dubkova
Consumer Price Indices Section
E-mail: Natalja [dot] Dubkova [at] csb [dot] gov [dot] lv
Phone: +371 67366644