Name:
Password:
Free guest access

Send a comment to editor

Annual inflation in August at 3.2%
Your name:
E-mail:
Comment:
Security Code:
To refresh the security code, click on it
Enter the code here:
    News

    Annual inflation in August at 3.2%

    RIGA, Sept 9 (LETA) - Consumer prices this past August increased 0.2 percent as compared to July, while annual inflation  - this past August compared to August 2018, amounted to 3.2 percent, according to the Central Statistical Bureau's data.

    Compared to this past July, the average price level in August increased by 0.2 percent. Prices of goods increased 0.1 percent and prices of services 0.4 percent.

    Higher prices of goods and services related to housing, clothing and footwear, goods and services related to recreation and culture, as well as decline in prices of food and non-alcoholic beverages exerted the greatest influence on the price changes. 

    Over the month, prices of food and non-alcoholic beverages dropped by 0.4 percent. Seasonal decline (of 8.9 percent) in the vegetable prices had the strongest lowering influence on the average price level within the group. Reduction was registered in prices of eggs (of 2.4 percent), vegetable oil (2.9 percent), pasta products (2.5 percent), and yogurt (1 percent). Increase, in turn, was recorded in prices of coffee (of 2.9 percent), dried, salted or smoked meat (1 percent), bakery products (1.7 percent), fresh or chilled fish (8.4 percent), cheese and curd (1.2 percent), tea (3.9 percent), olive oil (5.9 percent), pork (0.8 percent), and bread (0.4 %).

    During the month, the average level of prices of garments rose by 3.3 percent, whereas prices of footwear fell by 3.4 percent.

    The average level of prices of goods and services related to housing increased by 1.7 percent, which mainly was influenced by the heat energy tariff rise of 6.4 percent. Upturn was recorded in rentals for housing and prices of solid fuels.

    Price level within the group of recreation and culture increased by 0.6 percent. Prices of package holidays (upturn of 11 percent) had the greatest influence on the price rise. Reduction, in turn, was registered in prices of pet food, as well as stationery and drawing materials.

    The most notable increase among other commodity groups was observed in prices of restaurant and hotel services. Reduction, in turn, was registered in the average level of prices of household cleaning and maintenance products, articles for personal hygiene and beauty products, as well as passenger transport by sea.

    Compared to August 2018, in August 2019 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 clothing and footwear.

    Over the year, prices within the group of food and non-alcoholic beverages increased by 4.5 percent. Prices of vegetables (rise of 28.9 percent) had the strongest upward influence on the average price level within the group. Upturn was observed in prices of bread (of 9.9 percent), bakery products (7.4 percent), flours and other cereals (17.3 percent), as well as in prices of pork (of 12.1 percent), dried, salted or smoked meat (3.5 percent), and meat preparations (9.9 percent). Increase was also recorded in the average level of prices of chocolate (of 5.6 percent), fresh or chilled fish (10.6 percent), and ice cream (5.5 percent). Decline, in turn, was recorded in prices of fresh fruit (of 7.8 percent), and coffee (7.2 percent).

    The average level of alcoholic beverage and tobacco product prices went up by 5.6 percent. Prices of alcoholic beverages increased by 5.6 percent, which was mainly influenced by the rise in prices of beer and spirits. Prices of tobacco products grew on average by 5.6 percent.

    The average level of prices of both garments and footwear went up by 3.7 percent.

    During the year, prices of goods and services related to housing rose by 3.9 percent. Increase was registered in prices of electricity, heat energy, refuse collection, solid fuels, rentals for housing, as well as materials for the maintenance and repair of the dwelling. Reduction, in turn, was observed in natural gas prices.

    Within the recreation and culture group, the average level of prices went up by 3.5 percent, which was mainly influenced by the rise in prices of package holidays, television subscription fee, and flowers.

    Prices of restaurant and hotel services grew on average by 4.5 percent, which was mainly influenced by the upturn in hotel and restaurant service prices of 5.1 percent. Prices of canteen services went up by 4.3 percent.

    Rise in prices of telecommunication services, passenger transport by air, maintenance and repair of personal transport equipment, dental services, as well as prices of services in medical specialist practice had significant upward influence on the price level over the year as well. The average level of motor vehicle insurance prices, in turn, reduced.

    • Published: 09.09.2019 13:57
    •  
    • ¬© The given news may not be republished in any way or amount, or otherwise used by the mass media or Internet websites, without written permission of LETA. If this provision is not observed, the matter will be taken to court pursuant to the laws and regulations of the Republic of Latvia.
    • All
    • News
    • Press Releases
    • Photo

    SIGN UP TO RECEIVE NEWS BY E-MAIL

    Advertisements

    LETA projects