Strašuna mid valley gsc predicted that in April this year a significant impact on consumer price in

This year, the Latvian inflation to reach 4.2%, the business portal "Nozare.lv" said economists surveyed.
"Nordea" Bank senior economist Andris Thrush predicted mid valley gsc that overall this year it is expected that inflation will not grow significantly Latvian above 4.2%, which was also confirmed mid valley gsc by "Swedbank" senior economist Lija Strašuna, indicating that consumer price inflation this year would be 4.2% .
Judging that the March consumer prices compared with the previous month of March was 4.2% higher, Thrush said that the price increase is still mainly determined by two factors - raw materials and energy prices associated with developments in the world markets and held at the beginning of the consumption tax increase.
"In March, with the exception of prices for clothing and footwear that has more to do with seasonal trends, rather than any of the aforementioned factors. The fact that commodity prices, which significantly affects the evolution of prices in the world market have increased much faster mid valley gsc than prices, indicates that the demand in the domestic market is not developing as fast to have a reason for the price hike, "said the expert.
Strašuna mid valley gsc predicted that in April this year a significant impact on consumer price inflation mid valley gsc will rise in electricity tariffs. "Although mid valley gsc people feel it more because of the higher rate will apply only for consumption over 1,200 kWh, however, be reflected in the statistical figures for the same month. It is expected that food prices will rise as in March, while the rise in fuel prices mid valley gsc piebremzēsies a little, "he said" Swedbank "economist.
Thrush also stressed that in the coming months, prices will moderate, while the second half of Latvian price increase would have to relax, because the raw material price increase in the world will not be as sharp as in the beginning. "In addition, the positive development of the situation in the oil-producing countries in raw material prices could even decrease. This year, a total expected to rise in prices, however, will not exceed 4%, "said Thrush.
As a business portal "Nozare.lv" told "Nord Bank" economic expert Peter Strautiņš if stop energy and food prices in the world, then stop the inflation. If these prices will fall, then again in Latvian mid valley gsc inflation may be even lower than the EU average, due to the large proportion of these products in the consumer basket.
"If energy and food prices fall to levels that existed prior to 2009 or 2007, although it seems unlikely Latvian again would be even deflation, even with good growth," concludes the expert.
AS "SEB" mid valley gsc macroeconomic expert Dainis Gašpuitis business portal "Nozare.lv" said that although inflation could have a positive impact on implementation of the budget, the further uplift will start to refer to the Latvian competitiveness.
"At the same time, rising mid valley gsc energy and food import bills have to do more to reflect on their use not only at the individual level. The country has more to think about energy substitution with local as well as promote agriculture and food industry mid valley gsc development, "says mid valley gsc Gašpuitis.
In turn, "Latvian Savings Bank" senior analyst Olga Ertuganova stressed if Latvia is of the introduction of the euro by 2014 as one of the main goals, then should not simply expect the inflation decay, but an active role in reducing the risk of inflation. "Of course, inflation pressure reduction is primarily related to the tax and tariff policy revision in order to address the competition issues in business. On the other hand, which surfaced proposals for wage restraint mid valley gsc in the private sector does not seem to be adequately addressed in the current economic situation, "the economist.
The greatest impact on consumer price changes mid valley gsc in March was the price hike of transport-related goods and services, clothing, footwear and food, as well as drop in prices related to housing goods and services.
Transport group prices increased on average by 2.3%, driven by fuel price rise by 4.7%. Price increases were also observed mid valley gsc in the car spare parts for cars, bicycles, parking and passenger transport services.
In March, clothing and footwear prices mid valley gsc increased by 6%, including clothing - by 3.3%, footwear - by 12.6%, which was influenced by seasonal sales and the end of summer clothes and shoes entered the market.
Food rose by an average of 0.4%, driven by the stock closing milk, cheese and eggs (1.5%), sugar and sweets (1.3%), soft drinks (0.6%) and fish products (2.4%). Vegetable prices rose by an average of 2.5%. Price decrease confectionery (2.4%), oils and fats (1.6%) and fresh fish (about 1%).
Related to housing goods and services prices fell on average by 0.3%, driven by the heat rate reduction of 1.3%. The price drop was observed in the housing maintenance and repair services (3.1%), while the solid board