Latvia Inflation Rate Eases Further in August
Photo by Oleksiichik / Shutterstock.com
The annual inflation rate in Latvia eased for a seventh consecutive month to 5.4% in August, the lowest since September 2021 from 6.4% in July, data from the Riga-based Central Statistical Bureau (CSB) show.
A slowdown was seen in almost all categories, namely for the prices of housing & utilities (1.6% vs 5.9% in July), food & non-alcoholic beverages (8.2% vs 11.2%) and restaurant & hotel services (11.7% vs 12.7%).
Meanwhile, cost continued to fall for transport, albeit at a lower rate (-3.3% vs -9%).
Inflation also decelerated for health (9.6% vs 10.6%), education (12.7% vs 12.8%) and miscellaneous goods & services (10.1% vs 12.3%).
Conversely, the only exception was in communications where inflation rose (5.9% vs 5.6%). On a monthly basis, consumer prices dropped by 0.6%, after a 0.7% reading in the previous month
ADVERTISEMENT
MBH Bank Closes Acquisition of Duna Takarék Bank
V4 Agri Officials: WTO Case Over Grain Bans 'Unfortunate'
AutoWallis Green Investment Project Value Reaches HUF 3 bln
Budapest Muni Council Clears Rác Baths Renovation
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
