bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 12.12.2019 | Name days: Otīlija, Iveta
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 to Justs

  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.

Committee supports amendments that allow electing city council for longer

Saeima’s Public Administration and Local Government Committee has decided to support law amendments to allow electing Riga City Council for a term longer than five years.

Finland ends EU presidency with call to take free AI course

Finland is opening up a wildly popular Elements of Artificial Intelligence online course to all EU citizens. The announcement was made in Brussels on Tuesday to mark the approaching end of Finland’s presidency of the Council of the EU.

Latvian ministers agree on general sea port management reform

On Wednesday, 11 December, during an extraordinary meeting of the government dedicated to allowing the state to take over management of Riga and Ventspils freeport, ministers agreed on the necessity to implement a general reformation of management at Latvia’s various ports.

FKTK proposes isolating Lembergs and companies under US sanctions

Finance and Capital Market Commission invites financial market participants to refrain from providing financial services to suspended Mayor of Ventspils Aivars Lembergs, as well as companies and institutions applied with US sanctions, FKTK reports.

To take over Riga and Ventspils port government to form a separate company

On Wednesday, 11 December, the Cabinet of Ministers decided at an extraordinary meeting to invite the Saeima to add amendments to the Law on Ports to accommodate the plan for the government to take control over Riga and Ventspils freeports.

Estonia health body calls for measles vaccination of Ukrainian guest workers

Estonia’s health authority has issued a recommendation to employers working with Ukrainian guest workers to ensure the vaccination of their personnel against measles, pointing to critical situation in Ukraine.

In UN Court: Myanmar leader calls Rohingya genocide claims incorrect

In the International Court of Justice, Myanmar's leader Aung San Suu Kyi has been rejecting claims that her country’s military has been involved in allegations of genocide.

Family doctor visits may become more expensive for some residents in Latvia next year

Patient fees might increase or reduce next year. The latter may include more expensive family doctors visits: some residents may have to pay EUR 2 instead of EUR 1.42. The patient fee for specialist consultations will reduce.

20% of Riga Central Station design work for Rail Baltica is complete

Nearly 20% of Rail Baltica project’s design work on Riga Central Station has been completed. Construction company Bererix has closed off territory, railway, underground areas and other infrastructure for topographical and measuring work, as reported by Rail Baltica project’s representative Linda Vītola.

Fire in Tartu turns tragic to family

After a fire in Tartu, a family of five has been found dead, Estonian public broadcaster ERR reports.

Forecast: UK snap election to be won by Johnson’s Conservatives

In the United Kingdom’s snap elections, called to resolve the Brexit crisis, the victory of British Prime Minister Boris Johnson’s Conservative Party is forecast by British sociology centre YouGov.

Latvian government to decide on Riga City Council’s dismissal on 17 December

Latvia’s government plans to decide on Environment Protection and Regional Development Minister Juris Pūce’s initiated Riga City Council dismissal on Tuesday, 17 December, said Prime Minister Krišjānis Kariņš in an interview to LNT programme 900 seconds.

ReRe būve 1 hands over New Riga Theatre building to State Real Estate

On Tuesday, 10 December, construction company ReRe būve 1 handed over to State Real Estate the building of New Riga Theatre, as confirmed by VNI chairman Andris Vārna in an interview to Latvijas Radio.

U.S. bans Lembergs and family from entry in U.S. over «significant corruption»

The U.S. Department of State has introduced a U.S. travel ban on criminally-accused Latvian official Aivars Lembergs and his immediate adult family members over «involvement in significant corruption».

Latvian government supports reaching EU’s climate neutrality goal by 2050

Latvia’s government has agreed on support for European Union’s goal to become one of the main regions to have reached net zero level of greenhouse gas emissions or climate neutrality by 2050.

Estonian minister says Rail Baltica to be complete on time, despite scepticism

The Rail Baltica massive railway construction would be done by the 2026 deadline Estonian Minister of Economic Affairs and Infrastructure Taavi Aas has said despite scepticism expressed by MPs and Estonian Prime Minister.

Aivars Lembergs may be forced out of Latvian Olympic Committee

The topic of Aivars Lembergs’ dismissal from his post as member of the LOK Executive Committee may be brought up during the Tuesday, 10 December, meeting of Latvian Olympic Committee, BNN was told by LOK President Aldons Vrubļevskis’s press-secretary Mārtiņš Mālmeisters.

Latvian state to take over Riga and Ventpils ports

Latvian state will take over Riga and Ventspils ports, as confirmed by Prime Minister Krišjānis Kariņš.

Czech hospital shooting suspect found dead

Police in the Czech Republic has found dead the man suspected of a shooting attack that left six people dead in a hospital in the city of Ostrava.

Committee’s talks about electing Riga City Council for more than five years; decision postponed

After lengthy and heated discussions on Tuesday, 10 December, Saeima’s Public Administration and Local Government Committee decided to continue discussing amendments that would allow Riga City Council composed in snap elections to function for longer than five years.

Lithuania announces world’s first digital collector coin

The Bank of Lithuania has announced it would issue a blockchain-based digital collector coin in 2020, as it seeks to attract fintech investors and give new impetus to numismatics in the Baltic country.

Aivars Lembergs leaves Ventspils Freeport board

Aivars Lembergs, who has been added by USA to its black list, has decided to leave his post at Ventspils Freeport board, according to his update on Twitter.

Shooting in Czech hospital. Gunman wanted

In the Czech Republic six people have been killed on Tuesday, when a gunman opened fire in a hospital, according to Czech Prime Minister Andrej Babiš.

Unemployment level in Latvia increases to 5.8% in November

At the end of November, unemployment level in Latvia was 5.8% of the economically active population, which is 0.1 percentage point more than a month prior, according to data from the State Employment Agency.

Lembergs avoids giving a clear yes or no to stepping down from Ventspils Freeport board

Aivars Lembergs, who is accused of committing serious crimes, avoided giving a clear yes or no in regards to the possibility of stepping down as chairman of Ventspils Freeport board, according to what he said at a press-conference on Tuesday, 10 December.


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