Latvia Inflation Eases Slightly in October

Figures

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Latvia's consumer price inflation eased slightly in October after reaching a new record high in September, preliminary data from the Riga-based Central Statistical Bureau (CSB) showed on Tuesday.

Consumer prices surged 21.8% year-on-year in October, following a 22.5% increase in the prior month.

The overall strong inflation was largely driven by a 46.9% jump in housing costs, led by increased prices for heat energy, solid fuels, natural gas, and electricity.

Prices for food and non-alcoholic beverages alone grew 29.5%, and transport charges were 20.1% more expensive compared to last year, linked to higher fuel prices.

On a monthly basis, consumer prices moved up 0.8% in October. 

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