bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Saturday 22.02.2020 | Name days: Rigonda, Adrians, Ārija
LatviaLatvia

June’s inflation in Latvia remains at 3%

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Compared to June 2018, the average level of consumer prices rose by 3.0 %. Prices of goods had increased by 3.1 % and prices of services by 2.9 %.

In June 2019, consumer prices were 9.7 % higher than in 2015. Prices of goods had increased by 8.6 % and prices of services by 12.7 %.

Compared to June 2018, the average level of consumer prices was mainly influenced by the rise in prices of food and non-alcoholic beverages, goods and services related to housing, alcoholic beverages and tobacco products, goods and services related to recreation and culture, restaurant and hotel services, as well as furnishings in June 2019, according to data compiled by Central Statistical Bureau of Latvia.

Within the group of food and non-alcoholic beverages, prices increased by 4.1 % over the year.

Prices of vegetables (rise of 17.6 %) had the strongest upward influence on the average price level within the group. During the year, rise was recorded in prices of bread (of 8.4 %), flours and other cereals (12.2 %), bakery products (2.6 %), and pasta products (8.9 %). Increase was also registered in prices of pork (of 12.0 %), meat preparations (7.9 %), sour cream (6.1 %), dried fruit and nuts (10.8 %), chocolate (4.0 %), and butter (6.1 %). Decline, in turn, was recorded in prices of coffee (of 7.2 %), fresh fruit (2.8 %), and poultry (1.1 %).

The average level of alcoholic beverage and tobacco product prices went up by 4.7 %. Prices of alcoholic beverages had increased by 4.5 %, which was mainly influenced by the rise in prices of beer and spirits. Prices of tobacco products grew on average by 5.3 %.

Over the year, prices of goods and services related to housing rose by 4.2 %.

Increase was registered in prices of electricity, natural gas, refuse collection, as well as in rentals for housing.

Prices within the furnishings group rose on average by 2.6 %. Over the year, rise was recorded in prices of household cleaning and maintenance products (of 7.6 %).

Within the recreation and culture group, the average level of prices went up by 3.0 %, which was mainly influenced by the rise in prices of television subscription fee, flowers, pet food, and package holidays.

The average level of restaurant and hotel service prices went up by 4.8 %. Prices of restaurant, café and fast food services had increased by 4.4 % and prices of canteen services by 5.9 %.

Rise in prices of articles for personal hygiene and beauty products, telecommunication services, maintenance and repair of personal transport equipment, fuels for transport (of 0.8 %) and dental services had the most notable upward influence on price level over the year. In its turn, the average level of motor vehicle insurance prices reduced.

Compared to May 2019, the average level of consumer prices rose by 0.3 % in June 2019.

Prices of goods increased by 0.1 % and had prices of services by 0.9 %. Rise in prices in miscellaneous goods and services group, prices of alcoholic beverages and tobacco products, goods and services related to recreation and culture, goods and services related to housing, furnishings as well as drop in prices of clothing and footwear exerted the greatest influence on price changes.

Over the month, average level of food and non-alcoholic beverage prices did not change. Rise was recorded in prices of potatoes (37.5 %), pork (3.5 %), dried, salted or smoked meat (1.2 %), poultry (1.9 %), and eggs (2.6 %). Decline, in turn, was registered in prices of fresh vegetables (8.2 %), coffee (2.9 %), bread (1.0 %), fruit and vegetable juices (3.8 %), as well as fresh or chilled fish (6.1 %).

The average level of alcoholic beverage and tobacco product prices went up by 1.3 %. Rise in prices of beer, spirits and wine resulted in growth of the average level of alcoholic beverage prices (of 2.3 %).

Due to the influence exerted by discounts, prices of footwear fell by 5.1 % and of garments by 0.6 %.

Prices of goods and services related to housing on average grew by 0.3 %. Increase was recorded in prices of materials for the maintenance and repair of the dwelling as well as rentals for housing.

Within the furnishings group, prices went up on average by 1.1 %, which was mainly due to the upturn in prices of household cleaning and maintenance products (of 4.5 %).

Price level within the group of recreation and culture had increased by 0.8 %. Prices of package holidays (rise of 15.7 %) had the strongest upward influence. In its turn, decline was recorded in the average level of fiction book prices.

Within the miscellaneous goods and services group, the average level of prices rose by 2.8 %, which, mainly influenced by the end of sales campaigns, resulted from a growth in prices of articles for personal hygiene and beauty products.

Passenger transport by air (up by 12.4 %), passenger transport by sea (24.6 %), and restaurant and café services (0.6 %) also had significant influence on the price rise during the month. In its turn, reduction was registered in the average level of prices of fuels for transport (of 1.6 %), of which prices of diesel fell by 2.1 % and of petrol by 0.9%.


Leave a reply

  1. Justs says:

    Vegetable prices up 18% in a year?! Consumer prices up 3% a MONTH?! Latvia is going through hyper inflation. Are wages rising 20% a year? We all know the answer. Are wages going up 3% a month?!

    Latvia is in trouble. You never should have adopted the Euro currency. It will be the end of you. Mass famine and starvation is all the European Union will bring you. Time to start planting potato fields again or watch your children starve to death while rich E.U. fat cats like Ezekiel Levitz laugh.

Financial Action Task Force decides to not add Latvia to its «grey list»

The world’s central anti-money laundering organization Financial Action Task Force has decided to not exercise increased monitoring of Latvia. This means the country will not be added to the organization’s «grey list», as LETA was informed by Latvian Prime Minister Krišjānis Kariņš’s office.

Latvian minister outlines Germany as an important strategic partner

Germany is a strategically important economic partner for Latvia, said Latvian Foreign Affairs Minister Edgars Rinkēvičs during his meeting with Germany’s Federal Minister for Economic Affairs Peter Altmaier on Friday, 21 February.

Access to illegal TV content denied to 11 000 Latvian households last year

In 2019 access to illegal TV content in Latvia was denied to 11 000 households. A dozen criminal processes have been commenced over illegal supply of audiovisual content, as reported by State Police.

Producer price level in Latvia’s industry down 1.3%

Compared to December 2019, the level of producer prices in Latvian industry didn't change in January 2020. Prices of products sold on the domestic market reduced by 0.7 %, but prices of exported products – increased by 0.7 %.

In China, coronavirus hits prisons as 500 prisoners and guards infected

In China, the outbreak of the dangerous coronavirus continues, over 500 cases of infections have been registered in prisons. Meanwhile, death toll from health problems related to the virus has reached 2 236, according to The Guardian.

Saudi Arabia provides Latvian companies stable tax regime

Latvia and Saudi Arabia have plans to provide businesses with stable tax regimes for companies working in each respective country without coverage from the other country’s regulations, as reported by Saeima’s press-service.

Estonia accuses Russia over large cyberattack against Georgia

Estonian Foreign Minister Urmas Reinsalu has stated that Estonia, just as Georgia and a number of Western countries, sees a Russian intelligence service as having perpetrated a large cyberattack on Georgia in autumn 2019, according to a statement on the web site of the Estonian Foreign Ministry.

Latvian Healthcare Ministry puts third stage of e-health project on hold

Healthcare Ministry plans to focus on existing e-health services and will not develop their next stage, said minister llze Viņķele at a press-briefing on Friday, 21 February.

Latvian Saeima decides to reduce planned excise tax rise for alcohol

The increase of excise tax rate for alcoholic beverages planned for 1 March will be more moderate. This much is provided by amendments to the Law on Excise Duties approved in the final reading by the Saeima on Thursday, 20 February, as reported by Saeima’s press-service.

Irish PM Varadkar loses confidence of parliament

Irish prime minister Leo Varadkar has stepped down from office after he failed to win the confidence of the majority of the new composition of the Irish legislature, British news portal The Guardian reports.

National Electronic Mass Media Council agrees on members’ duties

Latvian National Electronic Mass Media Council, following the election of two new council members, has agreed on duties of members, as confirmed by newly-elected NEPLP members in an interview to Latvijas Radio.

Shareholder Juris Radzevičs dismisses Rīgas namu pārvaldnieks board member

Juris Radzevičs, who is a shareholder in LLC Rīgas namu pārvaldnieks has dismissed RNP board member Ardis Pāvilsons, as LETA was told by the official.

Germany remembers victims of Hanau shooting; attacks investigated as terrorism

In Germany, the death toll of the Hanau shooting attacks has risen to nine people. Police has pointed to a possibly racist mindset of the suspected attacker and is investigating the crimes as terrorism, BBC and DW report.

Experts predict number of electric vehicles in Latvia exceeding 36 000 by 2030

There will be more than 36 000 electric vehicles in Latvia by 2030. This prediction was voiced by AS Latvenergo board member Kaspars Cikmačs during Clear Energy for Transports conference on Thursday, 20 February.

Highest volume of harvested grains recorded in Latvia’s history in 2019

In 2019 the highest harvested production of grain was recorded – 3.2 million tonnes, which is 1.1 million tonnes or 1.5 times more than a year ago.

Denmark cancels Misāne’s extradition to SAR in favour of extradition to Latvia

On Thursday, 20 February, the Danish court approved the decision of the Danish office of the prosecutor to cancel Latvian citizen Kristīne Misāne’s extradition to the South African Republic. On top of that, the Danish office of the prosecutor has also decided to extradite the woman to Latvia instead, as reported by Ritzau.

Warmest winter anyone can remember is wreaking havoc on Lithuania’s nature and store shelves

This winter, so abnormally warm in Lithuania, is bewildering everyone and is wreaking havoc both in the nature and on the store shelves.

Finnish court acquits Baltic online alcohol seller over tax evasion

A court in Finland has delivered a not guilty ruling in a case, where a man had been charged with tax evasion over the online sale of alcohol to Finns in Latvia and Estonia, using online platforms, Finnish broadcaster YLE reports.

Latvian Saeima committee to consider initiative to establish a park at former Marss cycling track

On Thursday, 20 February, the Saeima decided to submit the collective initiative on establishing a part on the territory of the former cycling track Marss to the parliament’s National Security Committee for review, BNN was told by Saeima’s press-service.

Ruling in Maxima tragedy criminal case to be appealed

Riga City Pārdaugava Court’s ruling in the Maxima tragedy criminal case will definitely be appealed, said senior prosecutor Aivars Ostapko in an interview to Latvijas Radio on Thursday, 20 February.

Proposal voiced to deny Aivars Lembergs the option to enter the Saeima

A proposal has been voiced to deny suspended Ventspils mayor Aivars Lembergs, who is accused of committing serious crimes and is added to the list of sanctions of USA, the right to participate in Saeima’s activities, according to information from LTV.

Latvian police liquidates fake news site www.aumytests.net. Employee detained

Latvian State Police has detained a 2001-born young man for reporting fake news, BNN was informed by police.

Cyber security drill held by Estonia in NATO Parliamentary Assembly

In Brussels, during the NATO Parliamentary Assembly, Estonian experts have held a strategic cyber drill, where member state legislators have been asked to look for solutions in a simulated cyber incident, ERR reports.

Turkey warns of military operation in Syria to stop government-Russian forces

Turkish President Recep Tayyip Erdoğan has stated that Turkey’s offensive in north-eastern Syria could start at any moment with the aim of stopping an offensive of the Syrian government and Russian forces on opposition-controlled territory, BBC reports.

Riga Zoological Garden board members Līdaka and Morozovs laid off

Both Riga National Zoological Garden’s chairman of the board Ingmārs Līdaka and board member Andris Morozovs have been fired from their respective posts, as confirmed by Līdaka.

Newest comments

Do NOT follow this link or you will be banned from the site!