Latvia Inflation Remains Stable in August

Figures

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Latvia's consumer price inflation held steady to remain at its record high in August, preliminary data from the Riga-based Central Statistical Bureau (CSB) showed on Thursday.

Consumer prices surged 21.5% year-on-year in July, the same rate of increase as in the previous month.

The overall inflation was largely driven by a 52.4% surge in housing costs, led by increased prices for electricity, heat energy, solid fuels, and natural gas.

Transport charges also registered a sharp annual growth of 23.4% amid a 40.4% surge in fuel prices.

Prices for food and non-alcoholic beverages grew 25.7% and those for restaurants and hotels rose 15.0%.

On a monthly basis, consumer prices moved up 0.2% in August, after a 2.2% gain in the prior month.

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