bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 17.01.2017 | Name days: Tenis, Dravis
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

Media report on Lithuania’s plan to build fence along Kaliningrad border

Vilnius has voiced plans to erect a 45-kilometre-long fence on the Lithuanian-Russian border along the Kaliningrad region, report Russian media.

Noord Natie Ventspils Terminals to offer alternative option for cargo carriers

Noord Natie Ventspils Terminals multifunctional cargo transshipment centre continues its work this year on a wave of positive results. This year, the terminal plans to introduce a new transport line to offer existing carriers and increase cargo turnover.

African swine fever reaches Krimulda and Adazi

On Monday, 16 January, Crisis Management Council decided to declare a state of emergency in Krimulda and Adazi. Because of that, it will be necessary to allocate approximately EUR 100,000 from the state budget for emergencies to combat African swine fever.

Ventspils has the most expensive heating among Latvia’s major cities

The heating season is especially unpleasant for residents of Ventspils, as, according to data from the Public Utilities Commission, Ventspils has the highest heating tariffs among Latvia’s major cities. Heating tariffs are only higher in a couple of smaller cities, but even in most of Latgale tariffs are lower than in Latvia’s richest port city.

VIDEO: how is life for «martyr» Lembergs?

A video has surfaced on the internet, depicting from bird's eye view the home of criminally accused, oligarch and member of Ventspils City Council Aivars Lembergs.

Investment volume in Latvia’s real estate market exceeds EUR 300 million

The volume of investments in Latvia’s real estate market exceeds EUR 300 million for the fourth consecutive year. The total investment volume reached EUR 341.3 million in 2016, compared with EUR 394.4 million in 2015, according to data from Colliers International Latvia.

Calendar of cultural events in Lithuania. International museum selfie day in Kaunas

BNN offers you a selection of cultural and sports events in Lithuania for the week during January 16-23.

Hesburger plans to open nine new restaurants in Baltics

Sales of Finnish and Baltic fast food restaurant network Hesburger in Baltics reached EUR 58 million last year.

Nordea: Latvia is the most demanding among Baltics in terms of bank supervision

Of the three Baltic States, Latvia is the most demanding when it comes to regulator requirements for banks. This is largely because of its banking market’s state. Nevertheless, requirements are not inadequate, Nordea bank head in Latvia Janis Buks said in an interview.

Estonia registers increase in population

The number of Estonian population has last year grown by 0.14%, or 1,850, people – estimated Statistics Estonia.

Lembergs had a shared offshore business with Putin’s advisor

In 1994, Ventspils Mayor Aivars Lembergs travelled to Moscow to sign a document that made him a co-owner of Solvolub offshore. The company’s largest co-owner was Russian businessman Boris Titov, who is currently one of Russian President Vladimir Putin’s advisers. This is also how Lembergs first acquired shares in Ventamonjaks in Ventspils, as reported by Nekā personīga programme of TV3.

Finland testing paying basic income to unemployed

2,000 Finns have been selected for a government social benefit test scheme to provide unemployed people with a basic income of 560 euros for up to two years.

Thaw expected in Latvia this week; ice may yet form in many places regardless

Atmospheric pressure will rise in the first days of the week. Clouds will appear from time to time, however, bringing snow and wet snow, as reported by State Environmental, Geology and Meteorology Centre.

Train row prompts Serbia to voice military threat to Kosovo

Belgrade has voiced a warning expressing readiness to protect the territory it considers belonging to Serbia in its neighbouring country Kosovo. Serbian President Tomislav Nikolić accused Kosovo of seeking a war, after a passenger train painted in Serbian colours and the words «Kosovo is Serbia» was prevented from crossing the Kosovan border.

Week in Lithuania. Landsbergis suggests inviting Russian MPs

Vytautas Landsbergis, Lithuania‘s first post -independence leader, has suggested inviting Russian parliamentarians to memorial events of January 13 coup. In his words, inviting Duma deputies would be a logical and humane step.

Lithuanian President set to root out «eternal» state company CEOs

«Eternal» heads of state and municipal companies, who’ve been at the helm for years and years, must go, insists Lithuanian President Dalia Grybauskaitė.

Vejonis asks Reizniece-Ozola to address envelope wage problem more seriously

«We need a tax policy that will reduce social inequality of our country’s residents, stimulate formation of businesses and enhance society’s trust in state administration,» – said Latvian President Raimonds Vejonis during his meeting with Finance Minister Dana Reizniece-Ozola.

Sproge replaces Truksnis as Mayor of Jurmala

Following Gatis Truksnis' decision to step down his post as Mayor of Jurmala was taken by Riga Sproge on the same day.

EC calls on Italy to substantiate denied claims of alleged car emissions cheating by Fiat

Italy has been invited by the European Commission to substantiate with proof the denial of allegations by the German government that Italian carmaker Fiat Chrysler has installed illegal exhaust emissions cheating equipment.

Truksnis to step down again as mayor of Jurmala; UGF decides to keep him in its ranks

On Friday, 13 January, Mayor of Jurmala Gatis Truksnis intends to announce his decision to step down from his post, as confirmed by head of Latvian Green Party’s office Janis Ledins.

Estonian port company’s corruption case expected before court in 2017

The criminal case on alleged bribery at the Estonian state port company Port of Tallinn that has required investigators to work with Poland, Turkey and Norway, is expected to reach court in the first six months of 2017, Estonian prosecutor general has stated.

Rention: unification will ease rent and other payments

Commencement of cooperation with Corvin Real Estate, Rention housing management system will combine and simplify procedures like management and signing of utilities, rent and other payments, as well as issue of receipts, submission of counter readings and compilation of declarations, Rention representatives say.

Survey: majority of residents perform health improvement activities irregularly

A large number of residents associate New Year with changing established habits. Some intend to drop smoking, other promise to do more sports and start eating more healthily. Survey results show that 67% of respondents perform health improvement activities irregularly.

Estonia to stand for innovative, well-defended and digital EU in its presidency

The government of Estonia has set its political priorities for the country’s first presidency in the Council of the European Union in the second half of 2017.

Presence of allied forces in Latvia may become a hot potato

The presence of allied forces in Latvia may become a ‘hot potato’ in Russia’s information campaign, as stated in a publication of Latvian Foreign Policy Institute on the country’s external and security policy by the head of Defence Policy and Strategy Office of Defence Ministry’s Defence Policy Department Martins Vargulis.