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Wednesday 17.01.2018 | Name days: Tenis, Dravis
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LTA: the biggest price increase was noted for eggs last year

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOnly price decline was noted dairy products (from 0.91 to 0.81 EUR/1 l) over the course of 2017.Prices increased by an average of 16% for other product groups. The biggest increase last year was noted by butter and curd cheese snacks – by 35%, as reported by Latvian Traders Association, which regularly performs a comparison of consumer prices.

It should be said that average prices in retail trade were calculated using prices in largest shopping networks and without taking into account discount prices.

The biggest price increase for dairy products in a long-term perspective (when compared with December 2013) was noted for processed products: butter (from EUR 1.09 for 200 g 82% butter to EUR 2.19), cheese, curd cheese and cream – by 60%. There is also a clear influence on the brand price value. For example, the price value of Kārums curd cheese snack has nearly doubled (from EUR 0.24 to EUR 0.46), according to data.

The largest price increase for meat products was noted for processed products: small sausages (from 2.27 to 4.71 EUR/1 kg) and large sausages (from EUR 3.29 to EUR 4.22). Eggs experienced an 86% price growth (from 0.9 to 1.67 EUR per 10 eggs of M standard). The price of mayonnaise has increased by 36% (from 0.56 to 0.76 EUR/250 g).

The largest annual price increase (22%) was noted for eggs. A 5% increase was noted for sausages.

The largest price increase for plant products was noted for mushrooms (from 0.81 to 2.39 EUR/1 kg) and apples (from EUR 0.48 to EUR 1.29). A big increase (60-80%) was noted for vegetables and fruits: pears (EUR 0.98 – EUR 1.52), cabbages (EUR 0.25 – EUR 0.45), tomatoes (EUR 1.55 – EUR 2.49), grapes (EUR 2.25 – EUR 3.89), kiwi (EUR 1.29 – EUR 2.39), oranges (EUR 0.88 – EUR 1.51) and lemons (EUR 1.10 – EUR 1.86). The lowest price increase was noted for carrots (11%), as well as cucumbers, onions and bananas (around 25%). Oil prices have also increased by 60-90%.

In a short-term perspective (when compared with December 2016), prices declined 5% for bananas, oranges, mandarins, lemons, carrots and canned vegetables. The largest price decrease (around 15%) was noted for potatoes and cucumbers. Prices increased for apples (doubled), mushrooms (65%) and kiwi (54%).

Prices increased by 80-90% for pasta (0.66 – 1.28 EUR/0.5 kg), buckwheat (1.06 – 1.94 EUR/1 kg), flour and rice (60%). Prices remain unchanged for rye bread. The price of white bread has declined around 20% (0.61 – 0.48 EUR/300 g).

Prices have declined by one-third for sugar, by one-fifth for salt, by 12% for oat flakes and by a couple percent for flour and rice.

Prices of beverages grew around 40-60% in a long-term perspective. Price increase of tea ranged between 0.45 and 0.74 EUR/100 g and price increase of coffee was from 2.00 to 3.17 EUR/1 kg.

Ref: 225.109.109.4409


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