An­nual in­fla­tion in Latvia reaches 3.4%

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Com­pared to April 2016, the av­er­age level of con­sumer prices in­creased by 3.4 % in April 2017. Prices of goods grew by 3.2 % and prices of ser­vices by 4.0 %.

Com­pared to April 2016, the great­est pres­sure on the price changes was put by the rise in prices of food and non-al­co­holic bev­er­ages, goods and ser­vices re­lated to trans­port, goods and ser­vices re­lated to hous­ing, as well as prices in mis­cel­la­neous goods and ser­vices group and com­mu­ni­ca­tion group in April 2017, ac­cord­ing to data from the Cen­tral Sta­tis­ti­cal Bu­reau of Latvia.

The av­er­age level of food and non-al­co­holic bev­er­age prices has in­creased by 5.3 %. Rise was recorded in prices of milk prod­ucts, fresh veg­eta­bles, cheese and curd, milk, sugar, but­ter, bak­ery prod­ucts, dried, salted or smoked meat, choco­late and bread.

Prices of goods and ser­vices re­lated to hous­ing grew by 2.4 %. In­crease was recorded in main­te­nance charges in mul­ti­oc­cu­pied build­ings, prices of heat en­ergy and refuse col­lec­tion, whereas drop was ob­served in prices of nat­u­ral gas. Prices of goods and ser­vices re­lated to trans­port went up by 4.7 %, which was mainly be­cause of the rise in prices of fu­els for trans­port (of +11.5 %) and main­te­nance and re­pair of per­sonal trans­port equip­ment. Prices of pas­sen­ger trans­port by road, in its turn, fell.

The av­er­age level of prices in com­mu­ni­ca­tion group rose by 7.4 %, which was mostly af­fected by the growth in prices of wired and wire­less tele­phone ser­vices. Within other com­mod­ity groups, the most sig­nif­i­cant growth was recorded in prices of tobacco prod­ucts, ar­ti­cles for per­sonal hy­giene and beauty prod­ucts, pack­age hol­i­days, mo­tor ve­hi­cle in­surance, as well as restau­rant and café ser­vices. Com­pared to March 2017, in April 2017 the av­er­age level of con­sumer prices grew by 0.4 %. Prices of both goods and ser­vices went up by 0.4 %.

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