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Official Statistics Portal of Latvia
Press release

The average level of consumer prices increased by 7.5 % over the year

The latest data of the Central Statistical Bureau show that in November 2021, compared to November 2020, the average level of consumer prices* increased by 7.5 %.

The greatest pressure on the average price level changes in November 2021 compared to November 2020 was put by the rise in prices of goods and services related to housing, goods and services related to transport, prices of food and non-alcoholic beverages, goods and services related to recreation and culture, alcoholic beverages and tobacco products, furnishings as well as health care.

Over the year, prices within the group of food and non-alcoholic beverages increased by 5.6 %. Price rise of fresh vegetables (11.1 %) and potatoes (50.2 %) had the strongest upward influence on the average price level within the group. More expensive was cheese and curd (8.2 %), milk products (10.9 %), yoghurt (22.1 %), milk (12.4 %). Prices also increased for flours and other cereals (18.8 %), bread (2.9 %), bakery products (2.2 %), rice (20.3 %) and pasta products (8.7 %). More expensive was also vegetable oil (33.3 %), butter (6.9 %), olive oil (9.4 %) and margarine (13.9 %). Prices rose for ice cream (10.1 %), fresh fruit (3.2 %), poultry (3.5 %), eggs (6.9 %) and meat preparations (3.0 %). In turn, prices decreased for pork (5.7 %), fruit and vegetable juices (5.3 %), breakfast cereals (4.8 %).

The average price level of alcoholic beverages and tobacco products increased by 2.5 %. Over the year, prices for tobacco products rose by 3.9 % on average. Prices of alcoholic beverages increased by 1.6 %, mainly due to higher prices of beer, spirits and wine.

The average price level of goods and services related to housing went up by 15.0 %. The most significant price rise was for heat energy, electricity and natural gas. More expensive were services for the maintenance and repair of dwelling, rentals for housing, solid fuels, materials for the maintenance and repair of the dwelling, refuse collection, as well as maintenance charges in multi-occupied buildings.

In the furnishings group, the prices went up by 4.3 % on average, which was mainly influenced by the increase in the prices of household furniture as well as household cleaning and maintenance products.

In the health care group, prices increased by 3.0 %. Growth was registered in prices of dental and medical specialist practice services.

Over the year, prices of goods and services related to transport rose by 18.7 %, which was affected by increase in prices of fuels for transport by 39.1 %. Diesel prices rose by 41.2 %, petrol by 35.5 % and auto gas by 44.6 %. An increase of prices was also observed for passenger transport by air, second-hand motor cars, maintenance and repair of personal transport equipment.

The prices of cultural and recreational goods and services increased by 2.9 %. Over the year, the average price level of flowers, recreational and sporting services, television subscription fee and magazines went up. In turn, prices dropped for personal computers.

Among other commodity groups, the most notable rise was registered in prices of catering services, telecommunication services, hairdressing salons and personal grooming establishment services, garments, articles for personal hygiene and beauty products.

The average level of consumer prices increased by 1.1 % during the month

Compared to October 2021, in November 2021 the average level of consumer prices increased by 1.1 %. The greatest pressure on the price changes was due to the increase in prices of goods and services related to housing, food and non-alcoholic beverages, goods and services related to transport, in the group of miscellaneous goods and services, as well as the drop in prices of clothing and footwear.

During the month, prices for food and non-alcoholic beverages increased by 1.5 %. The most significant influence on the increase of the average price level in the group was put by fresh vegetables (+4.6 %). Prices increased for flours and other cereals (8.1 %), potatoes (6.3 %) and fresh fruit (2.0 %). Due to the end of promotions, upturn was recorded in prices of bakery products (2.8 %), fresh or chilled fish (15.7 %), coffee (2.3 %), bread (1.0 %) and chocolate (3.1 %). More expensive was yoghurt (6.7 %), butter (6.8 %), vegetable oil (7.6 %), milk (2.8 %), curd (3.5 %), pasta products (4.7 %), olive oil (4.3 %) and eggs (1.5 %). Due to promotions, decline was in the average price level of poultry (5.0 %), fruit and vegetable juices (5.9 %), sour cream (3.8 %), breakfast cereal (7.9 %), pork (1.2 %) and dried, salted or smoked meat (0.6 %).

In the group of clothing and footwear, prices decreased by 1.8 %. Mainly due to the sales, the average price level of footwear dropped by 4.6 % and of garments – by 0.9 %.

The average price level of goods and services related to housing increased by 2.9 %, which was mainly influenced by increase in the heat energy tariffs in Riga, as of 1 November. More expensive was electricity and solid fuels.

The average price level of goods and services related to transport increased by 1.9 %, which was mainly affected by the rise in prices of fuels for transport by 3.3 %. Petrol prices went up by 4.1 %, diesel by 2.5 % and auto gas by 5.4 %. The price level of maintenance and repair of personal transport equipment and motor cars went up. In turn, the prices of tyres dropped.

In the group of miscellaneous goods and services, prices rose on average by 0.9 %, which was mainly due to the end of promotions for articles for personal hygiene and beauty products. The average price level of motor vehicle insurance increased.

Among other commodity groups, the most notable rise was observed in prices of pet food, wine, dental services, catering services, non-electric kitchen utensils and articles. In turn, prices of spirits and household cleaning and maintenance products dropped.

Price changes by commodity group

(as per cent)

Groups

Price changes in November 2021, compared to:

November 2020

December 2020

October 2021

Total

7.5

7.5

1.1

food

5.6

5.7

1.5

alcohol, tobacco

2.5

2.9

-0.2

clothing, footwear

1.4

5.2

-1.8

housing

15.0

14.2

2.9

furnishings

4.3

6.0

0.1

health

3.0

2.9

0.2

transport

18.7

16.0

1.9

communication

1.6

1.6

0.1

recreation, culture

2.9

3.5

0.0

education

1.8

1.8

0.0

restaurants, hotels

4.1

3.9

0.2

miscellaneous

3.6

5.5

0.9

 

Compared to 2015, consumer prices in November 2021 were 16.4 % higher. Prices of goods rose by 15.4 %, while prices of services - by 18.2 %.

Information on consumer price changes in December 2021 will be published on 11 January 2022.

*The annual inflation reflects consumer price changes, comparing the average price level in the comparison month with the average price level in the corresponding month of the previous year.

COVID-19 influence on consumer price index in November

The consumer price survey is conducted in Riga and ten other cities and towns every month from 4th to 20th date. Until 15 November, additional restrictions were in force due to the escalation of the Covid-19 situation and only partial face to face trade could take place during this period, resulting in 11.6 % of prices being collected through alternative options in November. Share represents only those prices, which in standard situation would be collected face-to-face. Taking into account that face-to-face trade resumed in the second half of the month, in order to minimise the number of imputations used in the calculations, the price collection schedule was adjusted accordingly for positions for which it was not possible to collect prices remotely, or for which the face-to-face and alternative prices differed when registering after the 15th. The total share of Covid-19-related imputations was 1.7 % in November, which is 1.5 % of total household consumption expenditure.

Significant influence of (> 50 %) Covid-19 remained in one subclass of ECOICOP (European Classification of Individual Consumption According to Purpose): Passenger transport by sea (share of imputation 57 %). Imputations were calculated by the methods mentioned below in accordance with recommendations of Eurostat for compilation of indices under the impact of Covid-19:

  1. Imputation with the annual rate of change of all reliable price indices
    (In November 2021 annual consumer price index of all "reliable” indices constituted 107.5);

  2. Imputation based on available prices for a particular good or service.

Indices with significant number of imputations (> 50 %) caused by Covid-19 and thus having lower quality on the Official Statistics Portal (OSP) are indicated with "u."

More detailed information on imputation methods used in Covid-19 circumstances, as well as action regarding compilation of indices in post-crisis circumstances is available at:

 

Media requests:
Communication Section
E-mail:
media@csp.gov.lv

Phone: +371 67366989, +371 27880666

More information on data:
Ralfs Melbergs

Producer Price Indices Section
E-mail: Ralfs.Melbergs@csp.gov.lv
Phone: +371 67366616

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