Latvia: Inflation accelerates slightly in April
May 12, 2015
In April, consumer prices rose 0.6% over the previous month. The result was below the 0.8% rise tallied in March. April’s fall was mainly the result of a decrease in prices of furnishings and a stagnation in prices for housing, communication and education, which were partly offset by a sharp increase in prices of clothing and footwear.
Inflation inched up from 0.4% in March to 0.5% in April and marked a five-month high. Meanwhile, annual HICP consumer prices—based on the harmonized index of consumer prices— rose from 0.5% in March to 0.6% in April. Annual average HICP inflation remained unchanged yet again in April at the 0.6% that was recorded in January, February and March.
Author: Eric Denis , Economist