bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Sunday 20.08.2017 | Name days: Bernhards, Boriss
LatviaLatvia

Consumer price level down 0.8% in Latvia

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn April 2016, as compared to April 2015, the average level of consumer prices had reduced by 0.8 % in Latvia. Prices of goods decreased by 1.4 %, while prices of services increased by 0.9 %.

Compared to April 2015, the greatest pressure on the price changes in April 2016 was put by the drop in prices of goods and services related to transport, goods and services related to housing, as well as by the rise in prices of alcoholic beverages and tobacco products, health care, hotel and restaurant services, as well as clothing and footwear, according to the latest data from the Central Statistical Bureau of Latvia.

Compared to the corresponding month of the previous year, in April 2016 average level of food and non-alcoholic beverage prices grew by 0.1 %. Fresh fruit, dried, salted or smoked meat, potatoes, eggs, and sugar had the most notable influence on the price rise. Whereas reduction was recorded in prices of poultry, coffee, cheese, milk, fresh vegetables, and kefir.

Due to notable increase in prices of beer, wine and cider, as well as spirits, average level of alcoholic beverage prices grew by 3.3 %. Prices of tobacco products rose by 5.6 %.

During the year, prices of clothing went up by 1.8% and prices of footwear – by 1.8 %.

During the year, prices of goods and services related to housing fell by 4.5 %. Drop was recorded also in prices of heat energy, natural gas, electricity, while rise was observed in prices of maintenance and repair of the dwelling and maintenance charges in multi-occupied buildings.

Mainly due to the growth in prices of pharmaceutical products, average level of prices in health care increased by 2.5 %. Within the health care group, prices in specialist practice went up as well.

Within the transport group, mainly because of the drop in prices of fuels for transport of 13.2 %, level of prices declined on average by 5.5 %. Passenger transport by air and by train became cheaper, while maintenance and repair of personal transport equipment became more expensive.

Compared to April 2015, prices of hotel and restaurant services increased by 2.0 % in April 2016. Prices in cafés and restaurants increased by 2.2 %, and in canteens – by 1.8 %. During the year, average level of hotel service prices went up by 1.2%.

Among other consumption groups, the most significant drop was recorded in prices of articles for personal hygiene and beauty products, cleaning and maintenance products, as well as package holidays.

During the month, average level of consumer prices increased by 0.4 %

Compared to March 2016, in April 2016 average level of consumer prices rose by 0.4 %. Prices of goods increased by 0.7 %, while prices of services declined by 0.5 %.

The greatest pressure on the consumer prices in April was put by the growth in prices of clothing and footwear, food and non-alcoholic beverages, goods and services related to transport, as well as by the drop in prices in recreation and culture and prices of goods and services related to housing.

During the month, prices of food and non-alcoholic beverages rose by 0.6 %. Within the food group, increase of 6.2 % in prices of fresh vegetables, mainly cucumbers and tomatoes, had the most notable influence on the price changes. Rise was recorded in prices of fresh fruit (including apples, bananas, and oranges). Prices of cheese and curd, meat products, as well as dried fruit and nuts went up. Whereas a drop was observed in prices for poultry, coffee, bread, and pork.

As goods of the summer season kept entering the market, prices of footwear rose by 17.1 % and prices of clothing – by 2.6 %.

Reduction was recorded in average level of heat energy prices (of 2.5 %) and actual rentals for housing. Prices of water supply and sewage collection went up.

Within the transport group, mainly due to the 3.2 % rise in average level of prices of fuels for transport, average level of prices went up by 0.5 %. Reduction was observed in prices of passenger transport by air, as well as spare parts and accessories for personal transport equipment.

Within the recreation and culture group, mainly because of the drop in prices of package holidays of 8.4 %, average level of prices declined by 1.0 %. Garden products and flowers became cheaper. Due to the end of sales campaigns, prices of pet food went up.

Among other consumption groups, increase was recorded in prices of tobacco products, wine and cider. While reduction was observed in prices of articles for personal hygiene and beauty products.

Ref: 102.109.109.5782


Leave a reply

Kirsis asks police to assess possible forging of votes at Riga City Council

Riga City Council’s Unity faction chairman Vilnis Kirsis has asked State Police to check if the city council’s electronic voting system was used without another deputy’s knowledge or consent, said the politician.

Expert: attack in Spain shows how terrorists switched to more easily reachable targets

Terrorist attacks that transpired in Spain this week shows how terrorists have switched to more easily reachable targets, where security requirements are not as strict, says Latvian National Defence Academy’s Security and Strategic Research Centre researcher Martins Hirss.

New mandatory tests in schools to be introduced four years from now

In four years’ time – 2021/2022 school year – it is planned to introduce completely new mandatory tests in schools, as reported by State Education Content Centre Director Guntars Catlaks.

Nearly 9,000 children and their parents got homes thanks to state support programme

In the first half-year of 2017, state support helped 1,527 families in Latvia to buy homes. Compared with last year, families’ demand for state support has grown 6%, as reported by Altum finance institute.

Prediction: Aseradens will likely take control over Unity

Economy Minister Arvils Aseradens will become the head of Unity, Betsafe bookmakers predict. The possibility of Aseradens becoming the head of the party is given 45% probability by Betsafe.

Provisional estimate for next year’s fiscal space in Latvia is EUR 60 million

Next year’s fiscal space has been estimated at EUR 60 million, as noted by Finance Minister Dana Reizniece-Ozola, adding that a more precise estimate will be available at the end of August.

Reconstruction of Vilnius airport runway concludes; aircraft return to Vilnius

On Thursday, 17 August, Vilnius airport’s runway was festively opened. This was the most massive reconstruction for the airport in the past 20 years. It was a unique project for Lithuania and all of Europe, airport representatives say.

Islamic State terrorist group takes responsibility for Barcelona attack

The recent terrorist attack in Barcelona, in which a shuttle bus rammed a crowd of people on La Rambla, killing 13 and injuring at least 100, has become this week’s topic.

Weather in Latvia to be warm but rainy on weekends

The sun will appear every now and then between clouds on Friday, 18 August. Still, some rain is expected, especially in the afternoon in Latvia’s eastern regions, where thunderstorms may appear. Rain is expected to reach the capital in the afternoon. Wind will draw in from the south. Air temperature will reach +21° C… +26° C, according to State Environment, Geology and Meteorology Centre.

Latvia’s export growth was moderately rapid in the first six months of 2017

Compared with the same period of 2016, Latvia experienced a moderately rapid export growth in the first six months of 2017, according to data published by Eurostat on Thursday, 17 August.

Latvia’s annual inflation in July was one of the highest in Europe

Inflation indexes in Latvia and the UK both reached 2.6% in July, which is one of the highest indexes in the European Union, according to data published by Eurostat on Thursday, 17 August.

Kirsis withdraws his candidacy in favour of Aseradens

Riga City Council member Vilnis Kirsis has decided to withdraw his candidacy from the race to become chairman of Unity in favour of a different candidate – Economy Minister Arvils Aseradens.

Rinkevics expresses Latvia’s interest in maintaining political consultations with Palestine

On Thursday, 17 August, Latvia’s Foreign Affairs Minister Edgars Rinkevics met with the leader of Palestine’s diplomatic mission in Latvia, ambassador Taissir Al Adjouri, to discuss mutual relations between Latvia and Palestine and the peace process in the Middle East.

Putin grins to the world’s seven billionth baby, Lithuania wary of border incidents

Russian President Vladimir Putin paid a visit this Wednesday to Kaliningrad, the westernmost point of Russia, but the reports about his trip in the Russian enclave and over the border in Lithuania were strikingly different.

Survey: red considered the safest colour for a car

Most Latvian drivers consider red to be the safest colour for a car. The most popular, however, is black, according to results of a survey by Virši-A fuel trader.

airBaltic’s number of carried passengers reaches a record in second consecutive month

Latvian airBaltic airline carried 393,312 passengers in July 2017, which is 21% more than the same period last year. The number of passengers carried by airBaltic remains the highest it has ever been in the airline’s history, BNN was informed by the company.

Brivais vilnis: nearly all fish processing companies are experiencing losses

Currently nearly all fish processing companies in Latvia are experiencing major or minor losses, says Brivais vilnis chairman Arnols Babris.

American helicopters to perform low-altitude flights within Latvia’s airspace

U.S. Air Force Brigade’s Task Force Phoenix helicopters, which are stationed in Latvia as part of Atlantic Resolve operation, will be performing low-altitude flights from 16:00 to 18:00 from Lielvarde to Dobele on Friday, 18 August.

Healthcare Ministry’s state secretary Karlis Ketners may be replaced

Latvian Healthcare Ministry may replace its state secretary Karlis Ketners. It is possible he will be transferred to work at Finance Ministry, as reported by LTV.

Suspects in Europe's insecticide egg scandal before Dutch court

In the Netherlands, two men have been in court in relation to the scandal of eggs containing banned insecticide that has caused an EU-wide health scare and cost millions of euros of damages.

Indian national with fake documents apprehended on Latvian border

An Indian citizen travelling from Moscow on a bus was caught at Terehovo border control point in Latvia for presenting officers a fake EU family member’s resident card. No criminal process was launched. The person returned to the country he was travelling from.

Latvijas dzelzceļš will not have to pay dividends from last year’s profits

The government decided on Wednesday, 16 August, that Latvijas dzelzceļš will not have to pay dividends from last year’s profits, which were EUR 880,998.

Latvian citizenship provided to 103 people

The Cabinet of Ministers has issued an order to provide Latvian citizenship to 103 people through naturalization.

Estonian Inbank's profits reach EUR 5.7 million in six months

Estonian financial services' provided Inbank made a profit of 5.7 million euros in the first half of 2017, which is a 429.4% increase compared to the respective period in 2016.

Agriculture Ministry invites residents to sign up for measures to support fisheries

From 21 August onward, Rural Support Service plans to start accepting applications for projects to receive support from European Maritime and Fisheries Fund’s action plan for development of fisheries in 2014-2020 as part of projects Innovation, Productive Investments in Aquaculture and Fishing and Aquaculture project processing.

Newest comments