bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 24.04.2018 | Name days: Nameda, Visvaldis, Ritvaldis
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

MEP: New Unity may be in the government with other parties that have similar goals

After Saeima elections, New Unity will cooperate with parties prepared to work with the association to accomplish specific goals, says leader of New Unity and member of the European Parliament Krišjānis Kariņš.

Canada experiences tragic attack on pedestrians in Toronto

In the Canadian city of Toronto, a driver has been driving onto pedestrians taking the lives of 10 people and injuring 15 more.

Latvian residents spend an average of EUR 81 on cosmetics every year

Latvian residents spend an average of EUR 81 on cosmetics every year, which is one of the lowest indexes in Europe. Compared to other Baltic States, Latvian residents spend less money on cosmetics, according to data compiled by Latvian Cosmetic Manufacturers Association.

Armenian Prime Minister Sargsyan resigns unexpectedly

The Prime Minister of Armenia, Serzh Sargsyan, has unexpectedly stepped down from office after ten days of protests in the Armenian capital Yerevan.

Baltic Express: Europe has already invented the bicycle; we just have to adopt it

13 March marked a historic event for Ventspils railway hub – for the first time in the history of Latvia’s railway a private cargo carrier – Baltic Express – delivered wagons to Ventspils 1st station and private infrastructure’s railway terminal. Why is this event so important and what is the future for Latvia’s cargo railway system? – Baltic Express chairman Māris Bremze told ventspilnieks.lv.

Reduction of employees in state administration went the smoothest in finance sector

Measures to reduce the number of employees in state administration last year went the smoothest for the State Revenue Service and the entire finance sector, said Latvia’s State Chancellery’s Director Jānis Citskovskis.

Alleged Paris terrorist Abdeslam convicted of attempted murder

The lone Paris attacks' suspect Salah Abdeslam has been found guilty of attempted terrorist murder of police, when taking part in a shootout with police in the Belgian capital Brussels in March 2016.

Rail Baltica’s infrastructure management model to be studied by British company

On 8 November 2017, RB RAIL joint Baltic company announced the winner in the tender for the study of Rail Balica’s infrastructure management model. The winner was British design, engineering and project management consulting company: Atkins and SNC-Lavalin Group.

Harmony and UGF have their sponsors, whereas Sudraba’s party relies on donations

Since the beginning of the week, Latvia’s political parties have received more than half a million euros in donations and membership fees. According to the database of the Corruption Prevention and Combating Bureau, pockets fill up the fastest for political parties in power in the country and Riga.

Chemical weapons investigators have taken samples in Doma, Syria

In Syria, the scene, where according to the UK, U.S. and France, an attack with chemical weapons was conducted earlier in April, has after delays been visited by inspectors from the Organisation for the Prohibition of Chemical Weapons, who have managed to collect samples.

Estonia and Finland to share patient data over innovative «secure» data highway

The Estonian-developed international data exchange technology X-road, said to be hacker-proof is to be the basis for a new Estonia-Finland system of linked doctor prescription registers that would make prescriptions issued in one country available in pharmacies in the other.

Prime minister: Linužs’ dealings with offshore business warrants an investigation

Latvia’s Transport Minister Uldis Augulis refused to comment on information reported by De Facto programme one week ago – that Rail Baltica organized Andris Linužs had signed a deal with an offshore company based in Seychelles and used by influential businessmen from St. Petersburg. Prime Minister Māris Kučinskis, on the other hand, told the programme that «deals associated with state security had been recorded in the past and represent a matter that warrants an investigation».

Afghanistan hit by tragic terror attack

In Kabul, Afghanistan, a suicide bomber has killed not less than 57 people and injured 119 more as the attack with explosives targeted a queue of people outside a voter registration centre, Afghan officials have stated.

Armenia mass protests continue as opposition leader Pashinyan detained

In Armenia, mass protests against ex-President Serzh Sargsyan being elected as Prime Minister, have continued over the weekend marking over a week of protests in the capital Yerevan.

Weather in Latvia to be cold; air temperature to rise at week’s end

This week will be slightly colder for Latvia. Rain is expected in almost all regions every day. It will start getting warmer on Saturday and Sunday, when daytime air temperature is expected to rise again, as reported by State Environment, Geology and Meteorology Centre.

Week in Lithuania. Economists, trade unions cautious about tax, pension reform plans

Lithuanian economists and trade union officials say that the government's planned tax and pension system reform unveiled on Monday, April 23, will lead to a rise in wages, but will not help drastically curb emigration.

BNN summary of the week: prime minister without solutions; birth rates down; organic food rules

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

Economy Ministry: producer prices will affect dynamics of raw material prices

Producer prices in industry will grow in 2018 similarly as they had in 2017. Producer price level is largely affected by fluctuations of raw material prices in the world, as noted by Latvia’s Economy Ministry.

PUC: Gaso’s separation from Latvijas Gāze was legal

After examining documents submitted by the transmission system’s operator, the Public Utilities Commission concluded that activities performed by AS Gaso as part of reorganization of Latvijas Gāze were sufficient to ensure compliance with requirements for independence, as reported by PUC representatives.

Industrial producer prices in Latvia up 3.5%

Compared to February, level of producer prices in the Latvian industry rose by 0.2 % in March 2018. Prices of products sold on the domestic market grew by 0.1 %, but prices of exported products went up by 0.4 %.

Municipality: after meeting in summer, British Steel refused to buy KVV Liepājas metalurgs

After the meeting that took place at the end of August 2017, British Steel, which had previously voiced an interest in KVV Liepājas metalurgs, refused to purchase the bankrupt company, says Liepaja City Council chairman’s advisor for public relations matters Andrejs Rjabcevs.

SRS determines Latvian officials with the largest salaries

Thanks to real estate transactions Prison Administration Chief Ilona Spure and Healthcare Minster Anda Čakša had the largest income among state officials in 2017. The holder of the largest wage among state officials remains the governor of the Bank of Latvia Ilmārs Rimšēvičs, according to information compiled by the State Revenue Service.

Total tax debts in Latvia – EUR 1.255 billion

At the beginning of April total tax debts in Latvia, including outstanding, halted and payment extensions, was EUR 1.255 billion, which is 3.2% lower than the previous month.

Eight-year-long Latvian-Russian state border demarcation process concludes

Latvian-Russian state border demarcation documents have come to force. 21 April 2018 marked the conclusion of the two countries’ joint border demarcation process that lasted eight years, as reported by Latvia’s Foreign Affairs Ministry’s press-centre.

Prosecutor general turns to Constitutional Court against MPC regulations

Latvia’s Prosecutor General Ēriks Kalnmeiers has submitted a case to the Constitutional Court about the non-compliance of the mandatory procurement component with the country’s Constitution.