Appliances prices in January added to inflation to 3%


Equipment prices in January added an increase in inflation to 3%, the Ministry of Finance said. After a bit tired in inflation at the end of last year, when consumers' prices rose in December compared to previous months, which reached 2.6% annually, Accelerate home buying again in January this year.

According to the data of the Central Statistical Bureau, consumers' price rate in January 2019, compared to the previous month's equivalent month, has risen by 3%.

"Compared to the factors that affect consumers' price in the previous year, the increase in prices for goods and services related to housing, in particular Prices of facilities, significantly in January. The increase in prices for these products and services defines one percentage point of inflation in January, which also affects the increase in prices alcohol, tobacco products and food, "he explained. ministry.

As in the previous year, energy prices have had a significant impact on the growth of consumer prices in Latvia. But this year, the increase in the increase in gas prices compared to fuel prices was shown. Gas prices rose by 19.8% annually in January, although fuel prices were only 1.3% more expensive over the period.

The MoF acknowledged that the year 2018 was marked by a significant increase in the price of energy supplies on the world stock exchange, Increasingly increasing fuel prices and gas in Latvia. For example, average brent oil price "Brent" in 2018 is $ 71.9 per barrel, which is an average of 31.2% higher than in 2017.

"Despite the fact that oil prices fell in January 2019 and the average price of $ 60.3, which is 12.8% lower than in January last year, due to gas alarm enumeration procedures, the price gas in the first half of 2019 was much higher than last year, "FM said.

Natural gas targets for households are reviewed twice a year, and this depends on the average price of oil and diesel oil for the past nine months of the oil exchanges. So, the high oil price still has its impact on its & # 39; gas price in the first half of this year. In addition, the gas price from January this year has also been significantly enhanced by its new price for the services of a natural gas distribution system. Since 1 January 2019, the service targets have a biodegradable system of natural gas discharge system, and include a fixed-toll duty based on the allowed staff, regardless of the amount of lock natural. Including both the change in attractive methods and high oil prices last year, gas prices rise by almost 20% during the first half of the year. In the second half of the year, however, growth should be a decline.

In 2018, there was a huge increase in the price of electricity on the Lônin stock exchange – to a large extent 44% compared to the # 39; previous year, and at the end of last year, most households have been contracted to deliver electricity in 2019, which has taken account of the increase in electricity prices. In January this year, electricity prices were 8.2% higher than the previous year.

Amongst other resources, the MoF identified a 13.8% increase in the price of water supply services, which impacted on the new targets for "Rīgas vanden" SIA water administration services and which came into effect on 1 June 2018. When Therefore, the price of heating and heat energy services increased by 16.1% and 1.8%, separately.

The increase in consumer prices for alcohol and tobacco products increased by 6.6% and 9.9%, respectively, in January, compared to January 2018. The increase was largely due to the increase in the level of arm taxes Last March for alcohol and in July for cigarettes.

"As expected, food price increases have also accelerated compared to last year's average. Increased 0.7% food prices, and in January this year, the annual growth rate was already 1.4%, significantly led by a faster increase in breadth, the vegetable price of meat and vegetables, the unusual dry weather of summer today, not only in Latvia, but also in the European Union (EU) and Russia , has had an adverse impact on harvesting crops harvesting, so it greatly reduced the supply of global markets, "said FM.

As a result, grain was relatively expensive in Europe and in other parts of the world. The price of bread in Latvia in January this year was 11% higher. The UN Food and Agricultural Organization figures are for unparalleled food prices in the world, with five of the largest food groups that show the shortest price increase, also a & # 39 ; shows similar motion.

Higher earnings and increase in salary also contribute to increasing prices in other sectors of the economy. So, the price of food services increased by 4.5% in January this year. Although healthcare and leisure services increased by 2.4% and 2.5% per annum.

In the first half of this year, MoF presented a quarterly inflation rate for around 3%, which will affect higher prices of gas, electricity and water.

"A stable private demand will be led by high activity in the labor market and salary increase and increase the price for education, healthcare and other services. But in the second half of this year, price reductions Users are slow, because gas tariffs are under review and the construction will be required due to the adverse effects of the prices of water-rising prices, "said he. ministry.

The LETA Group has already stated that Latvian users' prices could increase 0.5% in January this year, but the annual inflation – this January compared to January 2018 – was 3%. At the same time, a 2.6% increase in January, the normal price price of 12-month users, compared to the previous 12 months.

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