Latvia inflation rate increases in February

Figures

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Consumer prices in Latvia rose 8.7% in February, accelerating from a 7.4% hike in the previous month, data from the Riga-based Central Statistical Bureau (CSB) showed on Tuesday.

It was the highest inflation rate since February of 2009.

Main upward pressure came from prices of food and non-alcoholic beverages (11.8%), housing and utilities (11.2%) transport (14.3%) and alcoholic beverages and tobacco (4.6%). In addition, prices increased for recreation and culture (4%), health (4.2%) and restaurants and hotels (6.2%).

On a monthly basis, consumer prices rose 1.6% following a 0.4% uptick in the previous month.

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