Latvia Inflation Slows in February

Figures

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Latvia's consumer price inflation eased slightly in February, preliminary data from the Riga-based Central Statistical Bureau (CSB) showed on Wednesday.

Consumer prices surged 20.3% year-on-year in February, following a 21.5% increase in the prior month.

The overall strong inflation was largely driven by a 46.6% jump in housing costs.

Food prices also grew sharply by 25.0% from last year.

Over the year, prices for food and non-alcoholic beverages increased by 25.3%.

On a monthly comparison basis, consumer prices moved up 0.6% after an increase of 0.5% in the prior month.

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