bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 18.10.2017 | Name days: Rolanda, Rolands, Ronalds, Erlends
LatviaLatvia

Average consumer price level in Latvia up 1.2%

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to November 2015, the average level of consumer prices increased by 1.3 % in November 2016. Prices of goods grew by 0.6 % and prices of services by 2.9 %.

Compared to November 2015, in November 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, health care, recreation and culture, alcoholic beverages and tobacco products, as well as by the drop in prices of goods and services related to housing, according to data from the Central Statistical Bureau of Latvia.

Compared to the corresponding month of the previous year, in November 2016 the average level of food and non-alcoholic beverage prices grew by 2.6 %. Increase was recorded in prices of milk, cheese and eggs, meat and meat products, sugar, bread and cereals, butter, sweets, fresh or chilled fish, salt and spices, jams and honey, soft drinks. Reduction, in turn, was observed in prices of coffee, vegetable oil, fresh vegetables, potatoes, and fresh fruit.

Prices of tobacco products rose by 5.2 %. The average level of alcoholic beverage prices has declined by 0.2 %.

Prices of goods and services related to housing fell by 1.5 %. Decline was observed also in prices of heat energy, natural gas, solid fuels, rentals for housing, prices of materials for the maintenance and repair of the dwelling, whereas increase was recorded in maintenance charges in multi-occupied buildings, prices of refuse collection, services for the maintenance and repair of the dwelling, sewage collection, and water supply.

The average level of health care prices grew by 2.8 %, which was mainly due to the rise in prices of pharmaceutical products, dental services, and prices in medical specialist practices.

Prices of goods and services related to transport went up by 1.3 %, which was mainly affected by 3.1 % increase in prices of fuels for transport. Increase was registered also in prices of maintenance and repair of personal transport equipment, while decline was observed in prices of spare parts and accessories for personal transport equipment, passenger transport by air, and passenger transport by road.

Prices of package holidays grew by 7.7 %. Rise was recorded also in prices of cultural services, newspapers and magazines, flowers, and recreational and sporting services. Decline was observed in prices of audio-visual equipment.

Among other commodity groups, the most significant growth was recorded in prices of catering services, telecommunication services, and articles for personal hygiene and beauty products.

Compared to October 2016, the average level of consumer prices rose by 0.2 % in November 2016. Prices of goods went up by 0.4 %, while prices of services went down by 0.2 %.

In November, 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 transport, as well as by the decline in prices of clothing and footwear, goods and services related to housing, alcoholic beverages and tobacco products.

During the month, prices of food and non-alcoholic beverages went up by 1.2 %. Milk, cheese and eggs had the most significant increasing impact on the price level. Rise was recorded in prices of fresh vegetables, fresh fruit, butter, dried, salted or smoked meat, sweets, meat preparations, olive oil, and coffee. Decline, in turn, was observed in prices of poultry, fresh or chilled fish, vegetable oil, and potatoes.

The average level of alcoholic beverage prices fell by 0.6 %, which was affected by wine and spirits sales. Prices of tobacco products rose by 0.1 %.

Prices of garments dropped by 1.2 % and prices of footwear dropped by 1.7 %.

Prices of goods and services related to housing went down by 0.2 %. Drop was recorded in prices of materials for the maintenance and repair of the dwelling and rentals for housing.

Within the transport group, the average level of prices rose by 0.6 %, which was mainly affected by 1.8 % growth in prices of fuels for transport. Increase was observed in prices of spare parts and accessories for personal transport equipment as well as driving lessons.

Within the other commodity groups, the most notable increase was recorded in prices of flowers, newspapers and magazines, books, articles for personal hygiene and beauty products. Reduction was registered in prices of package holidays and pharmaceutical products.

Ref: 102.109.109.5091


Leave a reply

Latvia has the highest index of female CEOs among EU member states

The highest index of female CEOs among European Union member states belongs to Latvia – 47%. In total, only 33% of CEOs in EU were female last year, according to data from the Central Statistical Bureau of Latvia.

Survey: more and more people take notice of benefits provided by EU membership

65% of Latvian residents believe the country’s membership in the European Union has brought tangible benefits. A similar opinion was voiced by 64% of residents of all EU member states in the Eurobarometer study performed by the European Parliament.

17 persons in need of international aid are relocated to Latvia from Turkey

On Tuesday, 17 October, seventeen individuals, including nine children, in need of international protection were relocated to Latvia from Turkey as part of EU resettlement programme, as confirmed by Latvian Office of Citizenship and Migration Affairs.

BATL: to avoid crisis in transit sector, government and Transport Ministry must act

Latvian Prime Minister Māris Kučinskis’ led Latvian Ports, Transit and Logistics Council also supports Saeima’s National Economy Committee’s decision on the need for Transport Ministry to develop a long-term vision for the development of the country’s transit industry.

Psychologist: six-year-old children are not ready for school

«It is wrong to believe that the sooner a child starts going to school, the better their academic results will be. Reforms are performed aggressively, without asking pedagogues or other specialists for their opinion. We lack a comprehensive analysis of the current situation that would be based on studies, not international ratings,» says certified clinical psychologist and psychotherapist Jolanta Lamstere.

Klaipeda transport ticketing system to be installed by Estonian Ridango

In the Lithuanian port city of Klaipeda, Estonian firm Ridango has been selected for installing its technology on public transport.

Policeman in Malta posts he's happy about killing of journalist Galizia

In Malta, where an investigative journalist has been killed this week, a police sergeant has posted on Facebook he felt happy about her death and has been suspended from office a day after.

Exchange indexes reach new records; oil prices increase as well

Dow Jones Industrial Average and Standard & Poor’s 500 index reached new record-high values on Tuesday, 17 October. US dollar value before euro and Japanese yen increased.

Anti-corruption protesters in Ukraine push for reforms

Three protesters and a policeman have been injured in Kyiv, Ukraine, as a crowd of anti-corruption demonstrators voiced their demands for reforms aimed at tackling corruption in the country.

«Islamic state» capital conquered by Syrian Democratic Forces

An alliance of Syrian-Kurdish fighters, which is supported by the U.S., has stated it has gained full control of Raqqa, which has been for three years the centre of the «Islamic state» regime.

Poland hopes Turkey would join EU

Polish President Andrzej Duda meeting his Turkish counterpart shortly before an European Union-Turkey summit has expressed a hope that the country located at the cross-roads between Europe and the Middle East would join the EU some time.

Number of people at risk of poverty in Baltics in higher than the average in EU

The ratio of people subjected to poverty or social exclusion risk in Baltic States is higher than the average in the European Union, according to Eurostat data compiled for 26 out of 28 member states in 2016.

E-voting defended in Estonia after criticism from party leader

Responding to claims from a leader of an Estonian political party that the country’s e-voting system lacks transparency, the head of e-Government Academy’s e-democracy department explained it was possible that the voters of one party are more active e-voters than supporters of other parties.

Residents’ mood worsens; people become more critical about their finances

Over the course of the past month, residents’ general mood has worsened significantly – declines have been noted on all positions analysed by the survey. Residents were critical the most in the survey about their material state – the index in this category declined from -9 to -11, according to the latest Baltic International Bank Latvian Barometer.

Antāne: Saeima’s National Economy Committee has heard the transit industry’s cry

Inga Antāne, president of Baltic Association – Transport and Logistics, is satisfied with the decision that was made at the recent meeting of Saeima’s Economic, Agricultural, Environmental and Regional Policy Committee, asking the Transport Ministry to develop and present a sustainable development strategy for the industry and putting an emphasis on raising the competitiveness of railway tariffs.

Latvian’s attitude towards combating cancer in late stages seems irresponsible

The attitude towards combating cancer in late stages in Latvia remains very low, says former healthcare minister of Latvia Ingrīda Circene.

Hydrogen-powered transport technology – a reality in Latvia

There are plans to establish a hydrogen refuelling station in Riga before the end of 2017. A publicly available H2 refuelling station in Riga would secure an inter-state network of hydrogen refuelling stations: the closest other station will be established in Pernava, says Association Zero Emission Mobility Support chairman Arnis Bergs.

Estonian ministry to collect 270 000 euros from IT company over failure to build information system

Tieto Estonia, the Estonian branch of Finnish IT firm group Tieto will compensate the Estonian Ministry of Social Affairs 270,000 euros for the failure of the SKAIS2 project, the aim of which was the development of a new information system for the Estonian social insurance authority, but was deemed a failure in August.

Latvia invites Iran to act constructively to ensure security

Latvian Foreign Affairs Minister Edgars Rinkēvičs participated in a meeting of the EU Foreign Affairs Council in Luxembourg, where he discussed about the role of Iran in the region and the Joint Comprehensive Plan of Action in light of the upcoming report from US President Donald Trump to the Congress on Iran’s progress realizing the plan.

Vigil held in Malta over killing of investigative journalist

Several thousand people in Malta have taken part in a vigil held after news broke of the killing of an investigative journalist, who blamed Maltese government for corruption.

American exchange indexes reach record-high values; oil prices on the rise

In response to price rise of bank stocks, three leading indexes of US exchanges reached new record heights on Monday, 16 October. In addition, US Federal Reserve System manager Janet Yellen’s prediction regarding a soon inflation rise has increased confidence that base interest rate will increase in December.

54.14% more alcohol exported from Latvia; most of it to Russia

In the first eight months of 2017, a total of 102.259 million litres of alcoholic drinks was exported from Latvia, which is 54.14% more when compared with the same period of last year.

In pictures: Ireland hit by worst storm in 50 years

Three people have been killed in Ireland in the storm Ophelia, which cut off electricity networks to 120 000 homes and businesses in the country. Gusts of wind in Ireland on Monday, October 16, had reached the speed of 44 metres per second.

Tragic wildfires in Portugal and Spain

No less than 30 people have died in wildfires in Portugal and Spain.

Ašeradens to leave Latvian government at the end of November

Latvian Economy Minister Arvils Ašeradens intends to leave the government after approval of the 2018 budget in the Saeima, which is scheduled for the end of November, as confirmed by Prime Minister Māris Kučinskis.