Latviski English По-русски
Saturday 23.09.2017 | Name days: Vanda, Veneranda, Venija

Consumer prices in Latvia up by 0.4%

(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to March 2014, the average consumer price level grew by 0.4% in March 2015. Prices of goods have decreased by 0.4%, while prices of services grew by 2.7%. Compared to 2014, the average consumer price level has increased by 0.5% over the last twelve months.

The greatest pressure on the average level of consumer prices in March 2015, as compared to March 2014 was put by increase in prices of goods and services related to housing, alcoholic beverages and tobacco, hotel and restaurant services, health care, as well as by drop in prices of transport goods and services, food and non-alcoholic beverages, according to the latest data compiled by the Central Statistical Bureau of Latvia.

The average food price level in March 2015, as compared to the corresponding month of the previous year, has decreased by 1.2%. Drop in prices of milk and dairy products (-10.1%) had the most significant impact on the price level. Drop was also observed in prices of vegetables, meat and meat products, oils and fats, sugar, cheese, fish and fish products. In turn, growth was recorded in prices of tea and coffee, confectionery and honey, bread and cereals.

Prices of tobacco rose by 5.4%. The average price level of alcoholic beverages grew by 0.9% which was affected by increase in prices of beer and spirits. In turn wine became cheaper.

During the year, prices of goods and services related to housing increased by 5.1%. Growth was recorded in prices of electricity, water supply, sewage collection, maintenance charges in multi-occupied buildings, services for maintenance and repair of the dwelling; in turn, prices of heat energy, solid fuels and gas witnessed a drop.

During the year the average health care price level increased by 1.5%. Growth was recorded in prices of consultations at specialist practice, pharmaceutical products, dental services, while drop was observed in prices of hospital services.

In transport group the average price level declined by 4.8%, which was significantly affected by drop in prices of fuels for transport of 13.9%. Decrease was also recorded in prices of spare parts and accessories for personal transport equipment, passenger transport by air. Rise was observed in prices of services of passenger transport by railway and road.

Compared to March 2014, prices of restaurant and hotel services increased by 3.6%. Prices in cafés and restaurants grew by 3.8%, in canteens – by 3.3%, and prices of accommodation services – by 1.9%.

Among other commodity groups, the most significant growth was recorded in prices of cultural services, non-durable household goods, services of hairdressing salons and personal grooming establishments. In turn drop was recorded in prices of package holidays, footwear.

Compared to the previous month, consumer prices in March 2015 grew by 0.8%. Prices of goods have increased by 1.0% and prices of services – by 0.4%.

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

Prices of food grew by 0.4%. Affected by seasonal factors, rise was observed in prices of vegetables (+2.4%), mainly cucumbers, sweet peppers and fresh cabbage. In turn tomatoes became cheaper. Prices of meat and meat products, ground coffee, sugar, cheese increased.

Prices of milk and dairy products, oils and fats, fruit witnessed a drop.

The growth in prices of clothing and footwear was affected by the end of seasonal sales campaigns and entering of new seasonal goods to the market. Prices of clothing increased by 9.2% and of footwear – by 12.7%.

Due to decrease in natural gas sale prices, heat energy in March on average became cheaper by 2.2%. Increase was recorded in prices of materials for the maintenance and repair of the dwelling.

In transport group the average price level grew by 1.8%, which was affected by growth of 4.3% in prices of fuels for transport.

Prices of spare parts and accessories for personal transport equipment have decreased by 1.5%.

In recreation and culture group prices grew by 1.1%. The greatest pressure on the average price level in the group was put by growth in prices of package holidays, flowers, books, as well as by drop in prices of food for pets.

The most notable rise in other consumption groups was recorded in the prices of beer, non-durable household goods. Increase was observed in commission fee for payment of bills in the national postal service “Latvijas Pasts”. Affected by discounts, prices decreased for individual care goods, tobacco.


Leave a reply

Kariņš: Unity started drifting when Valdis Dombrovskis left is management

Unity should seriously consider the option of starting in Saeima elections alongside other parties, said MEP Krišjānis Kariņš in an interview to Latvijas Radio.

CSP: average size of agricultural areas increases in Latvia

In 2016 the average size of agricultural holding constituted 43.2 ha, which is 15.5 % more than in 2013 when the average land area per holding accounted for 37.4 ha. The total standard output has risen by 24.5 %. Nevertheless, the number of economically active farms has reduced by 14.5 %.

Antāne forms a new political party in Ventspils with more than 350 associates

A new political party was founded in Ventspils this Thursday, 21 September. The name of this new party is Laiks Pārmaiņām (Time for Changes). The initiator of the founding of this new party is Baltic Association – Transport and Logistics President Inga Antāne.

NATO: suspicions about Zapad 2017 were justified

NATO views its suspicions about Russian-Belarusian Zapad 2017 military exercises as well-justified, because their scale and geography were larger than what was officially stated.

Expert: Latvia’s electronic industry productivity index on a rise

Electronics industry is the most rapidly growing processing industry in Latvia. This industry’s turnover growth in Latvia has been more rapid than that of Europe and the rest of Baltic States, says manager of wholesale trade company Lemona Latvija Sergejs Nikiforovs.

Video: How to make white-water rafting more dangerous?

If you think white-water rafting is a piece of cake, you can try getting over some rapids on six rafts.

Kaimiņš: Lembergs is Latvia’s biggest misfortune

It is no secret to anyone that the parliamentary committee in charge of investigating Oligarch case has so-called experts that are closely associated with infamous Ventspils politician Aivars Lembergs or his family. In an interview to BNN, Saeima member Artuss Kaimiņš shared his opinion about the latest scandalous development associated with Oligarch talks. He calls Lembergs Latvia’s biggest misfortune.

EC: Money for Rail Baltica in next period will be negotiated

Funding of the Rail Baltica railway project after the year 2020 will be negotiated upon as part of the EU's financial plan for the next period, has stated the European Commissioner for Mobility and Transport.

Sudraba published «false information» on parliamentary committee’s website

Parliamentarian Andrejs Judins asks to evaluate Inguna Sudraba’s possible breach of ethics with the publication of ‘false information’ on the website of Saeima’s parliamentary investigation committee responsible for the investigation of oligarch case.

Estonia plans to direct 300 million euros to healthcare

With the aim of improving the quality and access to Estonian healthcare, the country's government has backed amendments, which set forth increasing healthcare funding by 300 million over a period of five years

HTC agrees to sell part of its innovators and intellectual property to Google

U.S. computer technology firm Google has reached a deal with Taiwanese smartphone-maker HTC so that the latter would share part of its product development team and allow using HTC intellectual property.

22-year sentence for Imanta paedophile comes into force

With the Supreme Court of Justice abandoning the review of Riga Regional Court’s ruling, the 22-year sentence for the man prosecuted in the so-called Imanta paedophile case has come into force, as reported by the court.

Weekend in Latvia expected to be warm and sunny

The sky in Latvia will become clear during the day on Friday, 22 September. Rain is only expected to come to certain western areas. Air temperature will likely reach +16° C… +20° C, whereas air temperature at night will drop to +9° C… +14° C, as reported by State Environment, Geology and Meteorology Centre.

UK to offer EU 20 billion euros, if it can remain in single market

British Prime Minister Theresa May plans to offer a transitional agreement with the European Union that would concern a two-year period until the country leaves the bloc in 2019.

Number of bankruptcies down in Latvia and Estonia but up in Lithuania

Last year, the number of bankruptcies declined 12.4% in Latvia and 10.9% in Estonia. Lithuania, on the other hand, had experienced a 35.2% increase in the number of bankrupt companies, according to information compiled by Coface.

Lithuania sets off alarm bells over quality of international brands' foods

What Lithuania‘s State Food and Veterinary service announced last Tuesday was big news in Lithuania, but not so of a discovery to the majority of Eastern European consumers - food of international brands sold in Western Europe and in Eastern Europe, and Lithuania, are not just the same.

Saeima forms a group to support HIV and tuberculosis patients

On Thursday, 21 September, Latvia’s Saeima agreed with deputy Hosams Abu Meri’s proposal to form a deputy group to support HIV and tuberculosis patients, as confirmed by Abu Meri’s assistant Edgars Ikstens.

Politologist comments whether Vējoņis’ authority is at risk or not

Saeima’s vote in which Latvian President Raimonds Vējoņis’ proposal on the status of non-citizens’ children was not pushed forward was as though a strike against the president’s authority, comments Filips Rajevskis.

In pictures: Mexicans rush to find quake survivors

A massive rescue effort is continuing in Mexico City and other areas in Mexico to find possible survivors caught under buildings that collapsed in the September 19 earthquake, which has killed no less than 237 people.

Producer prices in industry grew 0.1% in August

Compared to July, the level of producer prices in Latvian industry rose by 0.1 % in August 2017. Prices of products sold on the domestic market, as well as those of exported products grew by 0.1 %.

Saeima supports simplification of investigation of less serious crimes

On Thursday, 21 September, Latvia’s Saeima conceptually supported changes to the Criminal Process Law that provide for simplification of investigation procedures of less serious crimes.

Ozoliņš: transit and logistics industries should communicate more actively

Mutual communication and information exchange among businesses working in the industry is the pre-condition for improvement of Latvia’s transit industry, said Transport Ministry’s state secretary Kaspars Ozoliņš at a meeting of the Logistics Council.

As Estonia mends ID cyber vulnerability, officials recommended mobile ID

As Estonia tries to solve potential security risks found in the chips of 750,000 national ID cards, state officials using e-services have been recommended to Mobile-ID in addition to ID cards.

Vējonis: peaceful resolution of Ukraine’s conflict is Latvia’s priority

«Russia’s unjustified aggression towards its neighbours is a serious breach of international law. Any aggressor who begins and continues such conflicts should be brought to justice for breach of international law,» says Latvian President Raimonds Vējonis.

Authorities apprehend criminal group that caused 1.7 million euros worth of damage to the state

Latvian State Revenue Service’s Finance Police in cooperation with State Police anti-terrorism unit Omega neutralized a criminal group that specialized in VAT fraud and money laundering, as confirmed by SRS representative Evita Teice-Mamaja.

Newest comments