Latvia consumer prices decline further in January


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Latvia's consumer prices declined further in February, figures from the Central Statistical Bureau (CSB) showed on Monday.

Consumer prices decreased 0.2% year-on-year in February, following a 0.5% decline in December. Prices of goods fell 0.7%, while that of services increased 0.9%. Prices for housing declined 1.2% yearly in February. Prices for clothing and footwear and transport goods fell by 1.5% and 1.2%, respectively. Prices for miscellaneous and food decreased by 0.9% and 0.4%, respectively.

On a monthly basis, consumer prices rose 0.4% in February. In a separate report, the Riga-based statistics agency said that the country's industrial production grew a calendar-adjusted 2.8% year-on-year in January, after a 4.7% increase in the previous month. On a monthly basis, industrial output decreased a seasonally adjusted 1.5% in January, after a 0.8% growth in December.


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