Compared with March 2020, the average level of consumer prices increased by 0.3% in March 2021. The prices of services increased by 0.9%, while the prices of goods decreased by 0.1% .

Compared with March 2020, in March 2021, the average level of consumer prices was mainly influenced by the increase in the prices of transport-related goods and services, the prices of recreational and cultural goods and services, the prices of alcoholic beverages and tobacco products, health care, as well as falling prices of goods and services related to housing, clothing and footwear, food and non-alcoholic beverages, according to information from the Central Bureau of Statistics from Latvia.

Over the year, prices in the food and non-alcoholic beverages group fell 0.6%. Over the year, the most significant price drop was for meats and meat products (3.4%), including the price drop for poultry (7.9%), dried meat, salted or smoked (1.6%), pork (2.8%) and meat preparations (2.0%). Prices fell for bread (3.4%), butter (6.6%), potatoes (7.2%), fruit and vegetable juices (4.6%), as well as coffee (0.8%). In turn, the average price level increased for flour and other grains (10.2%), dairy products (3.1%), vegetable oils (9.3%), milk (2.0 %), bakery products (1.2%), jams and honey (4.0%).

The average price level for alcoholic beverages and tobacco products increased by 1.8%.

Prices for alcoholic beverages increased 2.8%, mainly due to higher prices for spirits and beer. Prices for tobacco products increased an average of 0.1%.

The average price level for clothing and footwear fell 3.9%. The prices of shoes fell by 8.0%, but the prices of clothes – by 2.8%.

The prices of housing-related goods and services fell 2.5%, mainly due to an 8.3% drop in the average price level for thermal energy. Declines were also recorded in the prices of rents for housing, solid fuels, electricity and natural gas. In turn, an increase was recorded in the prices of housing maintenance and repair services, as well as materials for housing maintenance and repair.

In the healthcare group, prices rose 2.4%.

During the year, the average price level increased for dental services and specialized medical practice. In turn, the decline was recorded in the prices of pharmaceutical products, mainly reimbursable medical products.

The prices of transport-related goods and services rose 3.3%, which was mainly affected by the 6.1% increase in fuel prices. Diesel prices increased on average by 6.6%, gasoline by 5.6% and motor gasoline by 4.2%. Prices have increased for road passenger transport and used cars. Prices fell for air passenger transport, which continued to be strongly affected by restrictions linked to Covid-19.

Over the year, the average price level for recreational and cultural goods and services increased by 2.0%. The most significant increases are in the prices of flowers, personal computers, television subscription fees, as well as newspapers and magazines. In turn, the prices of pet food have fallen.

Among the other product groups, the most notable price increases were in food services, telecommunications services, cleaning and household maintenance products, household furniture, hairdressing salons and hospitality services. personal care facility. In turn, the fall in prices has affected auto insurance.

The average level of consumer prices rose 0.8% in the month

Compared with February 2021, the average level of consumer prices increased by 0.8% in March 2021. The average level of prices for goods increased by 1.0%, while that of services – by 0.3 %. The greatest pressure on price changes was due to rising prices for clothing and footwear, transport-related goods and services, alcoholic beverages and tobacco products, recreational and cultural goods and services, in the group miscellaneous goods and services, as well as lower prices for housing-related goods and services.

During the month, the average price level for food and non-alcoholic beverages remained unchanged. Due to the cessation of sales, the most significant price increases concern bakery products (2.1%), flour and other cereals (4.8%), fresh or chilled fish (8.4% ), jams and honey (6.1%), chocolate (2.9%), poultry (1.4%). In turn, due to seasonal factors, prices fell for fresh fruits (3.0%), mainly grapes and oranges, as well as fresh vegetables (2.3%), mainly cucumbers. Prices fell for coffee (1.6%), bread (1.0%), fruit and vegetable juices (3.1%).

The average price level increased for alcoholic beverages and tobacco products – by 1.5%, mainly due to the increase in excise duties from March 1, 2021. A price increase was recorded for spirits and beer.

The rise in the prices of clothing and footwear typical of March was influenced by the arrival on the market of the goods of the new spring season. The average price level for clothing and footwear rose 7.2% in March. Clothing prices rose 5.5%, but footwear – 12.9%. While the emergency persisted, it was only possible to purchase clothes and shoes remotely, with the exception of individual stores where trade in the entire assortment was permitted according to the rules. adopted. The total share of imputations for clothing and footwear was 33%.

The prices of housing-related goods and services fell 0.1%, which was mainly affected by the drop in the price of electricity. In turn, the prices of housing maintenance and repair services have increased.

The average price level of transport-related goods and services increased by 1.8%. Fuel has become more expensive – by 3.4%, including diesel – by 3.5%, gasoline – by 3.1% and motor gasoline – by 5.1%. Prices have also increased for air passenger transport.

The prices of goods and services related to recreation and culture increased by an average of 0.8%. When the sales ended, the prices of flowers and pet food rose.

The average price level in the miscellaneous goods and services group increased 0.6%, primarily influenced by higher prices for hair salons and personal care facility services. Since March 1, hairdressing and manicure / pedicure services are allowed, subject to security conditions. The prices of personal hygiene and beauty items have also increased.

Among the other product groups, the most significant price increase was for non-electric kitchenware and utensils, while the price decrease was for pharmaceuticals.

Compared with 2015, consumer prices in March 2021 were 10.0% higher. The prices of goods increased by 7.9%, while the prices of services – by 15.0%.


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