Latvia Inflation Rate Eases Further in August
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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
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