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Latvia Inflation Slows in December

Figures

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Consumer prices in Latvia eased to 20.8% in December, from a 21.8% rise in the previous month, figures released by the Riga-based Central Statistical Bureau (CSB) on Wednesday show.

It was the lowest inflation rate since June. Prices for alcoholic beverages & tobacco products rose 6% (vs 6.2% in November) and prices for food & non-alcoholic beverages grew 29% (vs 29.5%).

In addition, prices for housing & utilities increased by 42.8% (vs 44.4% in November), while transport costs added 12.6% (vs 18.2%) and the same for clothing & footwear advanced 5.3% (vs 6.2%).

Meantime inflation accelerated for: recreation & culture by 9.4% (vs 8.8%), communication (6.7% vs 4.9%), and health (9.7% vs 9.1%).

On a monthly basis, consumer prices fell by 0.5% in December, following a 1.1% surge in November.

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