Latvia: Inflation eases in June
July 8, 2015
Consumer prices fell 0.3% in June over the previous month, which contrasted the 0.6% increase registered in May. The monthly fall reflected lower food prices as well as a drop in prices for clothing and footwear.
Inflation decelerated sharply in June. It fell from 1.1% in May to 0.6% in June. May’s print had marked the fastest inflation increase since December 2012. HICP inflation—based on the harmonized index of consumer prices—rose from 0.6% in April to 1.2% in May, which is the last month for which data are available. Annual average HICP inflation remained unchanged yet again in May at the 0.6% that has been recorded since January.
Author: Ricardo Aceves, Senior Economist