Latvia Inflation Rate Climbs in January

Figures

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Consumer prices in Latvia rose to 21.5% in January, from a 20.8% gain in the previous month, figures from the Riga-based Central Statistical Bureau (CSB) showed on Friday.

Main upward pressures come from housing & utilities (48.1% vs 42.8% in December), alcoholic beverages & tobacco products (7.4% vs 6%), recreation & culture (11.1% vs 9.4%), education (11.9% vs 7.2%) and health (10.3% vs 9.7%).

On the other hand, inflation eased for food & non-alcoholic beverages (28.2% vs 29%), clothing & footwear (3.9% vs 5.3%), transport (12.3% vs 12.6%) and restaurants & hotels (18.6% vs 19.1%).

On a monthly comparison basis, consumer prices rose by 0.5% in January, following a 0.5% drop in December.

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