Latvia Inflation Rate Eases Further in September

Figures

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Latvia's annual inflation rate eased for the eighth consecutive month to 3.3% in September, the lowest reading since July 2021, from a 5.4% rate in August, data from the Riga-based Central Statistical Bureau (CSB) showed on Monday.

Prices declined for housing utilities (-6.4% vs 1.6% in August) and slowed down for food & non-alcoholic beverages (5.7% vs 8.2%), furnishings, household equipment & routine household maintenance (7.0% vs 8.4%), communication (4.7% vs 5.9%), recreation & culture (7.5% vs 8.9%), education (7.2% vs 12.7%), restaurants & hotel services (9.3% vs 11.7%), healthcare (9.4% vs 9.6%) and miscellaneous goods & services (9.6% vs 10.1%).

Also, transportation costs declined (-0.2% vs -3.3%).

On the other hand, inflation accelerated for alcoholic beverages & tobacco (9% vs 8.1%) and clothing & footwear (3.5% vs 3.2%).

On a monthly basis, consumer prices dropped 0.4% in September, following a 0.6% decline in the prior mon th.

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