Inflation in Latvia Accelerates in September

Figures

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Latvia's consumer prices surged 22.2% year-on-year in September, following a 21.5% stable rate of increase in August, preliminary data from the Riga-based Central Statistical Bureau (CSB) showed on Monday.

The upward trend in inflation was largely driven by a 51.6% surge in housing costs, led by increased prices for electricity, heat energy, solid fuels, and natural gas.

Transport charges also registered a sharp annual growth of 21.9% amid soaring fuel prices.

Prices for food and non-alcoholic beverages grew 27.5% and those for restaurants and hotels rose 17.5%.

On a monthly basis, consumer prices moved up 1.6% in September, after a 0.4% gain in August. 

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