During the year, consumer prices have risen by 0.2%

08.07.2013

Compared to June 20121, the average level of consumer prices in June 2013 has increased by 0.2%. The prices of goods have risen by 0.4%, while the prices of services have dropped by 0.4%. During the last 12 months, the average level of consumer prices has went up by 0.9%, as compared to the previous 12 months2.

Changes in consumer prices in 2012 and 2013

(% over corresponding month of the previous year)

 

Commodity group impact on Consumer Price Index over the last 12 months

(percentage points)

 

The greatest upward pressures on the consumer prices in June 2013, as compared to June 2012, were put by the rise in the food prices, whereas drop in the prices of transport goods and services as well as communication service prices had the most significant downward effect.

Within the food commodity group, rise was recorded in the prices of vegetables (+17.7%), bread and cereals (+2.1%), fresh meat (+2.3%), cookies and confectionery (+5.0%), while the largest decrease was observed in the prices of eggs (-12.3%), tea and coffee (-1.5%), as well as sugar (-1.7%).

The prices of fuel during the year have diminished by 2.4%, while the prices of motor cars have reduced by 6.3%.

The prices of telecommunication services, mainly of mobile telecommunications and Internet connection services, have decreased by 7.4%.

Notable increases among other consumption groups were recorded in the prices of tobacco as well as house maintenance services; while the prices of footwear as well as audio, video, photo, and data processing equipment have reduced.

In comparison with the previous month, consumer prices in June have grown by 0.2%. The prices of goods have increased by 0.2%, whereas the prices of services have went up by 0.3%.

The greatest upward pressures on the consumer prices during the month were put by the increase in the prices of food, while downward – by the drop in the prices of clothing and footwear, alcoholic beverages and tobacco.

Under seasonal influence, the prices of vegetables have grown on average by 8.7%. Increase was recorded also in the prices of milk and dairy products (+2.2%), bread (+2.0%), fruit (+1.6%), while drop was observed in the prices of eggs (-7.2%), sausages, smoked and dried meat (-1.1%), oils and fats (-0.9%), as well as sugar (-0.4%).

Affected by sales campaigns, the prices of beer have diminished by 5.3% and the prices of spirits have reduced by 0.2%.

Along with the start of the summer season sales, the prices of clothing have decreased by 0.8% and the prices of footwear have dropped by 5.1%.

The most notable increases among other consumption groups were recorded in the prices of individual care goods and package holiday prices; whereas the prices of mobile telecommunication services have diminished.

Consumer price changes by commodity group, %

 

Sub-indices having the greatest impacts, percentage points

Commodity group

Price changes in June 2013, compared to

June 2012

December 2012

May 2013

Total

0.2

0.5

0.2

Food

2.6

2.8

1.4

Alcoholic beverages and tobacco

1.8

1.3

-1.0

Clothing and footwear

-0.9

2.0

-2.1

Housing, water, electricity, gas and fuels

0.5

-0.9

0.0

Furnishing, household equipment and operation

-0.6

0.5

-0.4

Health care

1.1

0.7

0.0

Transport

-3.0

-2.5

0.1

Communication

-7.3

-1.0

-0.6

Recreation and culture

-0.7

0.3

0.8

Education

-1.1

-0.1

-0.1

Hotels, cafés and restaurants

0.5

0.3

0.1

Miscellaneous goods and services

1.0

1.4

0.9

 

 

During a month

Vegetables

+0.22

Milk and dairy products

+0.06

Bread and cereals

+0.06

Individual care goods

+0.04

Package holidays

+0.04

Eggs

-0.04

Footwear

-0.10

Beer

-0.11

 

During 12 months

Vegetables

+0.42

Tobacco

+0.12

House maintenance services

+0.11

Bread and cereals

+0.08

Fresh meat

+0.07

Motor cars

-0.13

Fuels for transport

-0.15

Telecommunication services

-0.29

Information on Consumer Price Index in July 2013 will be published on August 8.

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

 

More information:
Consumer Price Indices Section
Oskars Alksnis
Tel. 67366865
 

 

1 The annual measure of inflation that is used to compare average monthly price level with the average price level in the corresponding month of the previous year.
2 The average annual measure of inflation that is used to compare the average price level of the last 12 months with the average price level in 12 months of the previous year; employed in Maastricht inflation criteria estimates.