bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 29.06.2017 | Name days: Paulis, Pauls, Pāvils, Pēteris
LatviaLatvia

Annual inflation level in Latvia reaches 3.4%

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to March 2016, the average level of consumer prices increased by 3.4% in March 2017. Prices of goods grew by 3.5% and prices of services by 3.0%.

Compared to March 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, goods and services related to housing, prices in communication group, as well as prices of alcoholic beverages and tobacco products in March 2017, according to data from the Central Statistical Bureau of Latvia.

The average level of food and non-alcoholic beverage prices grew by 5.4%. Increase was recorded in prices of milk products, fresh vegetables, cheese and curd, milk, bakery products, butter, fresh fruit, sugar, fresh or chilled fish, chocolate, meat preparations, dried, salted or smoked meat, and yoghurt.

Within alcoholic beverage and tobacco product group, the average level of prices went up by 2.2%, which was influenced by 6.7% rise in prices of tobacco products. Prices of alcoholic beverages, in turn, dropped by 0.3%.

Prices of goods and services related to housing increased by 2.1%. Rise was observed in maintenance charges in multi-occupied buildings, prices of heat energy, refuse collection, sewage collection, water supply, whereas decline was recorded in prices of natural gas and rentals for housing.

Prices of goods and services related to transport grew by 6.4%, which was mainly because of the increase in prices of fuels for transport (of 18.2%) as well as prices of maintenance and repair of personal transport equipment. Prices of transport services, in turn, diminished.

The average level of prices within communication group went up by 6.9%, which was mainly due to the rise in prices of wired and wireless telephone services. Prices of internet access services, in turn, became cheaper.

Within other commodity groups, the most significant growth was recorded in prices of catering services, motor vehicle insurance and pharmaceutical products.

Compared to February 2017, in March 2017 the average level of consumer prices grew by 0.9%. Prices of goods increased by 1.0% and prices of services by 0.6%.

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

Over the month, prices of food and non-alcoholic beverages fell by 0.4%. Prices of dried, salted or smoked meat, fresh vegetables, pork, sugar, pasta products and butter had the most significant decreasing impact on the price level within the food group. Rise, in its turn, was observed in prices of poultry, bakery products and coffee.

Within the alcoholic beverage and tobacco product group, the average level of prices increased by 1.1%. As the new excise duty rates came into effect, prices of spirits went up. Prices of tobacco products rose by 0.8%. Due to the sales campaigns, prices of wine fell.

Growth in prices of clothing and footwear typical for March was affected by the fact that goods of the new season entered the market. Prices of garments increased by 11.9% and prices of footwear by 12.8%.

Over the month, prices within the recreation and culture group went up by 1.6%, which was mainly affected by the increase in prices of package holidays. The average level of fiction book prices rose.

Within other commodity groups, the most notable increase was recorded in prices of motor vehicle insurance, passenger transport by air, household cleaning and maintenance products, and materials for the maintenance and repair of the dwelling.

Ref: 225.109.109.2410


Leave a reply

Forest regeneration costs declined in Latvia last year

In 2016 the average forest regeneration costs, depending on the forest land quality group, varied between 551 and 600 euros per hectare.

Oligarchs in Latvia have been building up influence by distorting media for years

The conversations tapped in Ridzene Hotel reveal that Latvian infamous oligarchs have been building up their influence over the years by subjugating and distorting media, Ir magazine writes.

Government and social partners agree on introduction of differentiated PIT

At a meeting of the National Council for Trilateral Cooperation, government representatives and social partners agreed on the introduction of differentiated personal income tax.

Latvia receives high score in latest innovation ratings

Latvia’s score in the latest innovative ratings is proof of stable and sustainable state development. This is proof Latvia is headed in the right direction, which benefits productivity and high added value goods, says Latvian Economy Minister Arvils Aseradens.

Terror attacks alter Estonian travel plans, survey finds

A considerable number of Estonians are choosing not to travel to countries, where recent terror attacks have taken place, the results of a survey showed.

Latvian students demonstrated lowest results in all centralized exams this year

This year, Latvian students demonstrated the lowest results in all centralized exams when compared with the previous year, according to information from the State Education Content Centre.

Beer more expensive in Estonia: Year’s second excise rise on beer, cider in July

With swift excise tax increase on alcohol continuing, on July 1, the rate on beer and cider is to be raised by 70%, reaching 15.52 euro cents for percent of alcohol by volume per litre.

Finance Ministry changes approach to tracking accomplishment of state budget goals

Latvian taxpayers will be able to follow results expected from the state budget in a simple and comprehensive way, as reported by Finance Ministry.

Survey – 94% of Europeans take photos using their phones

Studies show that smart-phones are gradually replacing other devices, steadily becoming one of the most important device when travelling. 94% of European residents take photos using their phones, as concluded in a study by Huawei.

Amid global ransomware cyberattack analysts point to Ukrainian accounting software

A number of cybersecurity firm analysts have noted that in this week’s international cyberattack, which has severely affected computer systems in Ukraine, has been linked to the Ukraine-built accounting and finance software MEDoc.

Bondars among defendants in the case for enforcement of 15 million euros from Krajbanka

Former parliamentarian and current member of Riga City Council Martins Bondars is among the defendants in the civil case for enforcement of EUR 15 million from seven former Latvijas Krajbanka board members.

Italy warns it could not allow in ships with migrants rescued at sea

The government of Italy has warned the European Union that the country may stop foreign ships from unloading migrants at Italian ports, because the migrant situation in Italy is deemed to be unsustainable.

Lithuania reaches gas delivery deal with U.S. firm

Lithuania’s gas trading company Lietuvos Duju Tiekimas has this week unveiled that it has sealed a contract to purchase liquified natural from the U.S.

Latvian state officials concerned – oligarchs’ talks only increase people’s distrust in politicians

If talks like that take place, it proves that society’s level of trust in politicians only increases, said Latvian President Raimonds Vejonis after his meeting with Prime Minister Maris Kucinskis on Wednesday, 28 June.

Otto Ozols: one of Latvia’s presidents was bought like pig at a market

«The saddest fact is that people with flat and shallow thinking have such enormous influence in Latvia,» Latvian publicist Otto Ozols comments on the situation about Ir magazine’s recent publication of secret talks that took place in Ridzene Hotel.

Construction costs in Latvia grew 0.2% in May

Compared to April, the level of construction costs in Latvia increased by 0.2 % in May 2017. Labour remuneration of workers grew by 0.4 %, maintenance and operational costs of machinery and equipment rose by 0.3 %, whereas prices of building materials increased by 0.2 %.

Residents are certain no new jobs will appear in municipalities after elections

68% or the majority of interviewed Latvian Residents are certain no new jobs will appear after municipal elections, according to results of a survey by CV Market.

LDz Council Chairman Ansis Zeltins approved as new Freeport of Riga CEO

The committee responsible for the selection of candidates picked LDz Council Chairman Ansis Zeltins as the best candidate.

Estonian court: Right to protection of family life also to same-sex couples

Estonian Supreme Court has established in a decision that same-sex couples also have the right to protection of family life, when the court detailed Estonian court jurisdiction in disputes over residence permits involving foreign nationals.

Dzintars losses have declined: can the company survive the crisis?

Compared with 2015, net turnover of Dzintars declined by 104,000 euros in 2016. The company’s losses, on the other hand have declined by 904,000 euros when compared with 2015, says the company’s board member Dagnija Maike.

Victims of Portugal’s forest fires let down by communications with rescuers

After the Portugal wildfires, in which 64 people died and 254 got injured earlier in the month, the government of Portugal has ordered an investigation into the operation of emergency communication operations as at least 10 emergency calls are reported to have failed to reach firefighters.

Latvian Shipping Company sells House of Press for 16.8 million euros

Latvian Shipping Company’s subsidiary LASCO Investment has sold House of Press to PN Project, which is managed by Lithuanian real estate and private capital company Lords LB Asset Management. The total value of the deal is EUR 16.8 million, as reported by LSC.

Latvia and other countries refuse to support proposal for energy efficiency

The proposal to add changes to the Energy Efficiency Directive has been approved, establishing a goal to reach 30% of energy saving within the European Union by 2030.

Netherlands ruled partly liable for 350 Srebrenica victims

In relation to the Srebrenica massacre, an appeals court in the Netherlands has for the most part upheld an earlier ruling that the Dutch state was liable for the deaths of 350 Bosniak men in the 1995 Srebrenica massacre.

Lembergs fails to chair third meeting of the new Ventspils City Council; this time he «lost his voice»

Although the slogan of Ventspils is ‘City with tomorrow’, little changes in the work of the local city council – the organizational process of meetings remains absurd and incomprehensible. For example, Aivars Lembergs, who is legally prohibited from performing his duties as Chairman of Ventspils City Council but has been elected as mayor regardless, could not chair the most recent meeting of the city council. The excuse he gave was that he lost his voice.

Do you have an acquaintance currently looking for a job?

View Results

Loading ... Loading ...

Polls Archive



Category feed: Feed: