Consumer prices in June rose by 0.6% in Latvia; annual inflation rose to 2.8% / day



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On the other hand, the 12-month average level of consumer prices rose 2.4% in June compared with the previous 12 months.

Statistics Department reported that property prices in June 2018 rose 0.4%, but the average price level of services rose by 1.1%, while property prices rose 2 , 5% compared to June of the previous year, while service prices rose 3.3%

. the prices of goods and services related to transportation, housing goods and services, alcoholic beverages and tobacco products, recreational and cultural goods and services, as well as falling prices for clothing and footwear.

Price of food and non-alcoholic beverages per month increased by 0.2%. The most significant impact on the increase in the average price level during the season is due to seasonal factors, the potatoes whose price increases in June were also characteristic of previous years. Prices rose for poultry (+ 3.1%), cheese (+ 5.6%), chocolate (+ 4%) and confectionery (+ 1.7%). On the other hand, fresh vegetables (-5%), fresh fruit (-3.3%), fresh or chilled fish (-10.2%) and butter (-6%) were cheaper.

Alcoholic Beverages and Tobacco Products The average price level increased 1.2% over the month. Prices for alcoholic beverages rose 1.6%, driven by a 5.8% increase in wine prices and a 2% increase for beer. Average level of prices of tobacco products increased by 0.5%

Footwear prices mainly affected by footwear decreased by 7.6% in May compared with May and by 1.1% in clothing [19659002] prices rose 1.2% during the month.

Prices for transportation-related goods and services increased 3% during the month, mainly due to a 4.5% increase in fuel prices, including 4.7% in diesel fuel , for gasoline – by 4.3% and gas for cars – by 2.9%. In the recreation and culture group, average price levels increased 1% during the month, primarily due to a 13.2% increase in recreational services prices. In addition to June, compared with June 2017, the largest price increase in other consumer groups was observed in the case of personal care products and cosmetics compared to May.

In June 2018, compared to June 2017, the impact on changes in the average level of consumer prices was higher prices for goods and services related to transportation, goods and services related to housing, alcoholic beverages and tobacco products, various goods and services and health care.

the impact on rising prices over the year was milk (+ 8.5%) and dairy products like butter (+ 20%), sour cream (+ 7%), cheese and cottage cheese (+ 2.7%) and kefir + 7.2%). Prices rose for poultry (+ 5.5%), eggs (+ 10.9%), fresh vegetables (+ 3.3%), bread (+ 2.8%), confectionery (+ 3.4%), fruit and vegetable juices (+ 9%) and pork (+ 3.3%). On the other hand, sugar (-31%), potatoes (-13.9%), coffee (-7.8%), fresh fruit (-6%), fresh or chilled fish (-11 , 5%), pasta was cheaper (-11%), dried, salted or smoked meat (-1.2%), as well as vegetable oil (-7.3%).

The average price level for alcoholic beverages and tobacco products increased by 5.2 per year% Prices for alcoholic beverages increased by 5.1%, mainly due to spirits and wine. Prices for tobacco products increased by an average of 5.4%

Prices for goods and services related to housing rose 4.3% over the course of the year.

In the health care group, the average price level compared with June of the previous year increased by an increase in the price of food and beverages 3.2%. Rising prices for dental and medical services as well as pharmaceuticals

In the group of goods and services related to transport, the most significant increase in prices (+ 17.5%), including diesel , was 20.5%, for gasoline – 16.3% and auto gas for 0.1%. Prices have also increased for the maintenance and repair of personal vehicles, pbadenger air transport.

In the group of different goods and services, the average price level has increased by 5.1% over the year, mainly due to the increased cost of auto insurance. Prices for personal care and beauty products declined as prices for personal care and beauty products declined.

In the other consumer groups, the most important prices were food services, shoes, television subscriptions and telecommunications. In turn, complex recreation services and cleaning and home care products have become cheaper.

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