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Wednesday 31.08.2016 | Name days: Aigars, Vilma
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Inflation rises by 0.2%

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In November of 2010, the average consumer price level increased by 0.2%, compared to October 2010. The prices of goods peaked by 0.4%, but of services – dropped by 0.2%. While in November of 2009 the average consumer price level decreased by 0.7%, compared to October 2009, indicates the Central Statistical Bureau (CSB) data.

Food products had the largest influence on the price level increase,  while goods and services related to recreation and culture, as well as clothing and footwear – on the price level reduction.

In the food product group, the seasonal price growth of fresh vegetables (by 5.2%) and fruit (by 2.9%) affected the average price level the most. Prices increased for confectionery products (+2.5%), oil and fats (+3.7%), cereals (+1.6%), sugar (+1.4%), bread (+1.3%), fresh meat (+0.6%), milk and dairy products (+0.5%). While the biggest drop was recorded in the price of non-alcoholic beverages (-0.9%), eggs (-0.8%) and fresh fish (-0.9%).

Culture services became by 3.4% less expensive, mainly due to the fall in the price of cable television services. The prices of audio, video, photo and data processing devices also reduced by 2.0% due to sales campaigns. Moreover, the price of travel packages (-1.6%), flower and plant maintenance goods (-1.5%) also plummeted. While, recreational and sports services (+0.7%), books (+0.9%) and recreational and sporting goods (+0.6%) reported a price increase.

Due to seasonal sales, the prices of footwear decreased by 1.3%, of clothing – by 0.6%, and of clothing accessories – by 0.2%.

In November, the fuel, medicinal products, rent, solid fuel, as well as jewellery became more expensive. After the special sales offers concluded, prices rose for personal care products, dental services, carpets and floor coverings.

On the other hand, prices reduced for airline tickets, driver courses, materials and services for house maintenance and repair, telecommunication equipment, hotel accommodation and sanatorium services. While, due to sales campaigns, the prices of cleaning and maintenance products, vehicle spare parts and of household textiles dropped.

This year, in November, the average consumer price level was by 1.9% higher, compared to the same period last year. Prices of goods rose by 3.7%, but of services – decreased by 2.6%.

The average consumer price level during the 12 months has declined by 1.4%, compared to the previous 12 months.


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