Inflation in Latvia in June – 2.8%

2018. In June, compared with June 2017, the average level of consumer prices rose by 2.8%, according to the latest data from the Central Bureau of Statistics (CSB). Prices for goods increased by 2.5% and those of services by 3.3%.

Compared with 2015, consumer prices in June 2018 were 6.5% higher. Goods prices rose 5.3% and services 9.5%.

The largest impact on changes in the average consumer price level in June 2018 compared to June 2017 was the rise in the prices of goods and services related to transportation, 19659004] In the non-food and non-food group alcoholic, the most significant impact on price increases over the year was milk (+ 8.5%) and milk production of products such as butter (+ 20%), sour cream (+ 7%), cheese and cottage cheese (+ 2.7%), 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%), 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%), vegetable oil (-7.3%).

The average price level of alcoholic beverages and tobacco products increased by 5.2%. Prices for alcoholic beverages rose 5.1%, with alcohol and spirits predominating. Prices for tobacco products increased by an average of 5.4%

Prices for goods and services related to housing rose 4.3%. In the health care group, the average price rose by 3.2%, while prices for solid fuels, heat, water, water, housing, garbage collection and sewerage were higher. The price increases were for dental and medical services as well as pharmaceuticals.

In the group of goods and services related to transportation, the most significant impact on prices was fuel (+ 17.5%), including diesel fuel – 20.5% – by 16.3% and for automotive gas 0.1%. Prices have also increased for the maintenance and repair of personal vehicles, pbadenger air transport.

In the goods and services group, the average price level increased by 5.1%, mainly due to higher insurance costs. Prices for hairdressing and beauty services have gone up while those for personal care products and cosmetics have gone down.

In other consumer groups, prices for food services, shoes, television subscriptions and telecommunications services were the largest. In turn, complex recreation services as well as cleaning and housekeeping products have become cheaper.