Latvia: Consumer prices decline again in June
July 13, 2020
Consumer prices rose 0.18% from the last month in June, swinging from May's 0.37% drop. Looking at the details of the release, housing and utilities prices fell at a more moderate pace in June compared to the previous month, while prices pressures for transportation picked up pace. Prices for alcoholic beverages and tobacco goods also fell at a softer pace.
Consumer prices fell 0.7% year-on-year in June, following May’s 0.6% drop. June's figure marked the largest fall in consumer prices since May 2016. In addition, the trend pointed down, with annual average inflation coming in at 1.6% in June (May: 2.0%).
Author: Almanas Stanapedis, Economist