Latvia: Inflation comes in at highest level since September 2019 in May
Consumer prices rose 0.45% in May over the previous month, following April’s 0.91% increase. May’s result marked the softest rise in prices since January. The moderation was largely due to slower growth in prices for food and non-alcoholic beverages. In addition, price pressures for transportation moderated.
Inflation rose to 2.6% in May, following April’s 1.7%. May’s reading marked the highest inflation rate since September 2019. The annual average variation of consumer prices rose to 0.1% in May (April: -0.2%).