During the year, the average level of consumer prices increased by 3.0 %

10.07.2017

The latest data of the Central Statistical Bureau (CSB) show that during the year* (in June 2017, compared to June 2016) the average level of consumer prices increased by 3.0 %. Prices of goods grew by 2.6 % and prices of services by 4.0 %.

 

 

Consumer price changes

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

 

 

Commodity group impact on the total Consumer Price Index during the year

(percentage points)

 

 

Compared to June 2016, in June 2017 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 housing, prices in miscellaneous goods and services group, prices related to recreation and culture, prices in communication group, prices of goods and services related to transport, as well as decline in prices of clothing and footwear.

The average level of food and non-alcoholic beverage prices increased by 6.5 %. Rise was recorded in prices of meat and meat products, milk products, fresh vegetables, cheese and curd, milk, butter, fresh fruit, potatoes, coffee, eggs, yoghurt and bakery products.

During the year, prices of footwear fell by 11.2 % and prices of garments by 0.6 %.

Prices of goods and services related to housing went up by 3.2 % Increase was observed in maintenance charges in multi-occupied buildings, prices of heat energy and refuse collection, whereas drop was recorded in prices of natural gas.

Prices of goods and services related to transport grew by 1.4 %, which was primarily encouraged by the rise in prices of fuels for transport (of 2.5 %) as well as prices of maintenance and repair of personal transport equipment. Reduction, in its turn, was registered in prices of passenger transport by air and by road.

Within communication group, the average level of prices rose by 5.5 %, which was mostly affected by the growth in prices of wireless and wired telephone services.

Prices of goods and services related to recreation and culture grew on average by 2.3 %, which was mainly influenced by the increase in prices of package holidays.

Within other commodity groups, the most significant growth was recorded in prices of tobacco products, motor vehicle insurance, pharmaceutical products, restaurant and café services, and articles for personal hygiene and beauty products.

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

Compared to May 2017, in June 2017 the average level of consumer prices increased by 0.2 %. Prices of goods diminished by 0.2 %, while prices of services increased by 1.0 %.

In June, 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 recreation and culture, as well as by the decline in prices of clothing and footwear, and goods and services related to transport.

Over the month, prices of food and non-alcoholic beverages rose by 0.4 %. Increase was recorded in prices of potatoes, meat and meat products, milk products, chocolate, fresh fruit, eggs and butter. Decline, in its turn, was observed in prices of fresh vegetables, bakery products, cheese and curd, coffee, flours and other cereals, and sugar.

Prices of footwear fell by 3.8 % and prices of garments dropped by 0.6 %.

Prices of goods and services related to transport went down by 0.4 %, which was mainly affected by 1.9 % drop in prices of fuels for transport. The average level of passenger transport by air went up.

Within the recreation and culture group, over the month prices rose by 1.2 %, which was mostly promoted by the growth in prices of package holidays.

Within other commodity groups, the most notable increase was recorded in prices of wireless telephone services, articles for personal hygiene and beauty products, and hotel services. Reduction, in turn, was recorded in prices of household cleaning and maintenance products.

 

Consumer price changes by commodity group, %

 

Goods and services having the greatest impact on consumer price changes,

percentage points

Commodity group

Price changes in June 2017, compared to:

June

2016

December 2016

May 2017

Total

3.0

2.0

0.2

Food

6.5

3.9

0.4

Alcohol, tobacco

1.3

1.4

0.1

Clothing, footwear

-3.5

3.4

-1.5

Housing

3.2

1.1

0.1

Furnishings

-0.4

0.8

-0.4

Health

2.9

2.0

0.3

Transport

1.4

-0.8

-0.4

Communication

5.5

1.1

0.8

Recreation, culture

2.3

2.4

1.2

Education

1.5

-0.5

-0.2

Restaurants, hotels

2.8

1.8

0.6

Miscellaneous

4.6

5.0

0.6

 

 

During the month

Potatoes

0.18

Package holidays

0.13

Meat and meat products

0.10

Wireless telephone services

0.03

Household cleaning and maintenance products

-0.03

Footwear

-0.06

Fuels for transport

-0.10

Fresh vegetables

-0.16

 

During the year

Maintenance charges in multi-occupied buildings

0.26

Heat energy

0.23

Meat and meat products

0.23

Telecommunication services

0.19

Milk products

0.18

Tobacco products

0.16

Motor vehicle insurance

0.15

Footwear

-0.19

 

 

Information on consumer price changes in July 2017 will be published on 8 August.

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:
Kalvis Pētersons
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