bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Sunday 22.10.2017 | Name days: Irīda, Īrisa
LatviaLatvia

Average consumer price level drops 0.3% in Latvia

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe average level of consumer prices had decreased by 0.3 % in Latvia in January 2016 in comparison to January 2015. Prices of goods decreased by 1.2 %, while prices of services increased by 2.1 %.

During the last twelve months, the average level of consumer prices, compared to the previous twelve months, grew by 0.2 %.

The greatest downward impact on the average level of consumer prices in January 2016 as compared to the same month of 2015, was done by goods and services related to housing, food and non-alcoholic beverages, goods and services related to transport, whereas the strongest upward impact was done by alcoholic beverages and tobacco products, health services, restaurant and hotel services.

The average level of food prices in January 2016 in comparison with the corresponding month of the previous year went down by 0.3 %. The price reduction was mostly caused by milk and dairy products, mainly by sour cream and kefir. The prices of cheese and curd, milk and yoghurt also decreased. Butter, coffee, bakery products became cheaper, whereas the prices increased for vegetables, poultry, pasta, eggs, flours and other cereals, chocolate.

The average price level of alcoholic beverages has increased by 3.0 %. This was essentially caused by the rise in prices of beer. Spirits and wine were the most expensive. Prices of tobacco products went up 2.0 %.

During the year prices of goods and services related to housing decreased by 3.9 %. Heat energy, natural gas, electricity became cheaper, whereas the prices for maintenance and repair of the dwelling services as well as maintenance charges in multi-occupied buildings went up.

The average level of prices for health services rose by 2.2 % that was caused by the increase of prices for pharmaceutical products and dental services.

In the group of transport the price level went down by 0.5 % on average. The average price level for fuels for transport had decreased by 6.6 %, which was most significantly affected by the drop of prices for diesel and liquid petroleum gas. Compared to the previous year, cheaper were services of passenger transport by air, spare parts and accessories for personal transport equipment, whereas more expensive became services of passenger transport by bus and tram, maintenance and repairs services of personal transport equipment, road-worthiness tests of motor vehicles.

As compared to January of the previous year, prices for restaurant and hotel services rose by 1.9 %. In cafes and restaurants prices went up by 2.1 %, in canteens – by 2.3 %. The average price level for hotel services had decreased by 5.8% during the year.

In other consumption groups the most significant reduction of prices was for package holidays, cleaning and maintenance products, clothing, personal hygiene and beauty products.

Compared to the December 2015, the average consumer price level had decreased by 0.6 % in January 2016. Prices of goods had reduced by 0.7 %, but prices of services – by 0.2 %.

The greatest impact on the price changes in January had the drop in prices for clothing and footwear, goods and services related to transport, alcoholic beverages and tobacco products, goods and services related to housing, as well as the rise in prices of personal care goods and services, food and non-alcoholic beverages.

Prices for food had increased by 0.3 % during the month. Price changes in the group of food were mainly affected by the rise in prices for vegetables by 7.3 %, prices increasing mainly for tomatoes and sweet pepper. Affected by the end of sales, the average price level increased for poultry, coffee, pasta, vegetable oil, chocolate. Whereas, prices for dried, salted or smoked meat, fruit, milk products, bakery products and pork decreased.

Affected by the end of sales, the average price level of alcoholic beverages and tobacco products had decreased by 1.0 %. Prices for tobacco products went up by 0.9 %.

Affected by discounts and sales that is inherent in January, the prices of clothing dropped by 7.5 %, the prices of footwear – by 4.1 %.

During the month the average level of electricity prices decreased by 1.8 %, affected by the drop in trade prices for some Latvenergo Elektrum tariff plans as of 1 January 2016. Cheaper was natural gas. Prices for maintenance charges in multi-occupied buildings increased.

In transport group the average price level went down by 1.9% that was mainly affected by the drop in prices for fuels for transport by 3.3 %. Under the influence of seasonal factors the prices reduced for passenger transport by air and water. As of 1 January 2016, prices increased for road-worthiness tests of motor vehicles.

Ref: 102.109.109.7982


Leave a reply

BNN summary of the week: birth and death rates in Latvia turn out shocking. Gambling halls to close down

BNN offers a summary of this week’s topical news in a variety of categories: Fight; Truth; Business; Future.

Professor: by taking money away from science, the state shoots itself in the foot

The matter regarding insufficient funding for science has recently become more topical in the public space. President of Latvian Academy of Sciences Ojārs Spārītis is rather critical of the situation: Latvia has lied to the European Union and European Commission about making sure that funding for science reaches 1.5% of GDP by 2020.

To prevent fraud, audit of MPC recipients to be performed in Latvia

Latvian Economy Ministry intends to perform an audit of mandatory procurement component recipients and use new regulations to combat fraudulent activities, as confirmed by Economy Minister Arvils Ašeradens.

Rail Baltic procurements to be processed using Electronic Procurements System

Following the changes to Latvian Republic’s Public Procurements Law, all new procurements for Rail Baltica administered by RB RAIL will be processed using a free electronic information system and its e-contest subsystem.

Estonian construction price index pushed up by wages

The construction price index in Estonia has in July-September of 2017 increased by 0.9% in comparison to second quarter this year and by 1.7% from July-September of 2016, Estonian statisticians have estimated.

Surplus of Latvia’s government budget reached 9.5 million euros in 2016

In 2016 general government budget surplus accounted for EUR 9.5 million or 0.04 % of the Gross Domestic Product, whereas general government consolidated gross debt amounted to EUR 10 091.6 million or 40.6 % of the GDP.

Latvia to invest EUR 5.9 million into formation of unified port network

Ports of Riga planning region and Kurzeme planning region have commenced an important tourism project. The goal of this project is creating a unified yacht port network in Latvia and Estonia with quality services that would allow developing sailing tourism and attract foreign sailing enthusiasts in the future, reports the regions’ representative Inese Ozoliņa.

Graft-suspected Tartu deputy mayors resign

In Estonia's second largest city, Tartu, Deputy Mayors Artjom Suvorov and Valvo Semilarski have stepped down from office, Estonian press reported, after the politicians were arrested under suspicion of graft.

Expert: workers of Latvia’s NGO sector have high ‘burnout’ risk

Workers of Latvia’s NGO sector have a high burnout risk, said once the director of Providus Dace Akule in an interview to Latvijas Radio.

Producer: many young people come to work in the film industry

Latvia’s film industry has been steadily growing these past several years, and it is especially gratifying that many young people are coming to work in the industry, says director and producer, representative of Film Angels Productions Jānis Kalējs.

Pollution blamed for every sixth premature death globally

Nine million premature deaths globally in 2015 are said to be related to pollution, a study has found pointing to presence of harmful matter in air, water and workplace as the three main risk factors.

Infectologist: influenza kills biologically the weakest, including children and pregnant women

Influenza is an infection that affects both children and adults. However, it kills those who are biologically weak, says Immunization State Council chairperson and infectologist of Children’s Vaccination Centre Dace Zavadska.

Investor activity made easier between Latvia and Vietnam

An intergovernmental agreement has been signed between the Republic of Latvia and Socialist Republic of Vietnam on prevention of double taxation and tax avoidance in relation to income tax.

Colder masses of air to enter Latvia in coming days; precipitation to be limited

Although high atmospheric pressure will be present above Latvia in the coming days, southern regions in Latvia will experience short-term precipitation on Saturday, 12 October, caused by the cyclone active above Poland. Colder masses of air will enter Latvia in the coming days.

Maltese journalist said to be killed by remotely-controlled explosive

Officials in Malta have unveiled it is assumed that investigative journalist Daphne Caruana Galizia was murdered by an explosive places under her car, which was detonated remotely.

Prime Minister: Latvia cannot accept additional asylum seekers

Latvia cannot afford to resettle additional asylum seekers, said Prime Minister Māris Kučinskis during his meeting with European Commission President Jean-Claude Juncker on Thursday, 19 October.

Scandinavians purchase tourism company in Lithuania; changes expected in Latvia too

Dutch Otravo online travel organization has expanded and has purchased Lithuanian online travel agency Interno Partneris, thereby entering the Baltic market.

Ombudsman: non-citizen status matter should be resolved in next decade

The next ten years may be the transition period to ‘put an end’ to the non-citizen status in Latvia, said ombudsman Juris Jansons in an interview to LTV programme Rīta panorama.

Swedish Foreign Minister: harassment exists at highest political level

The Foreign Affairs Minister of Sweden, Margot Wallström, has commended the current sexual assault and harassment awareness campaign in social media and urged to fellow politicians to address the problem.

Latvenergo recognized as Latvia’s most valuable company for tenth time

Latvenergo has been recognized as Latvia’s most valuable company in 2017. Its value grew 34% in comparison with 2016, according to the TOP 101 list of Latvia’s most valuable companies compiled by Prudentia and Nasdaq Riga.

Number of births and number of deaths decline in Latvia

During the first nine months of this year 15,723 babies were born in Latvia, which is 1,113 children fewer than in the corresponding period of the last year.

CC applies binding conditions for the sale of MTG Broadcasting AB

Latvian Competition Council has decided to permit Bite Lietuva to purchase MTG Broadcasting AB group’s businesses in Latvia. CC has applied several binding conditions to prevent a possible impact on competition on the television services and advertisement market.

Eesti Energia warns: Limiting CO2 emissions on capacity could endanger energy supply

Estonian energy giant Eesti Energia has evaluated that a plan under discussion in the European Union to introduce a carbon dioxide release limit for capacity mechanisms to qualify for subsidies could adversely affect the security of supply in Estonia and the Baltic states.

Solidarity tax norm recognized as non-compliant with Latvia’s Constitution

On Thursday, 19 October, the Constitutional Court of the Republic of Latvia declared the Solidarity tax norm as non-compliant with the country’s Constitution.

Survey: Riga residents go to the doctor’s the most often

34% of residents undergo regular health checks, according to Mana Aptieka & Apotheka health index. In addition, women are twice as serious about health checks as men.