Latvia: Inflation falls to 17-month low in October
November 8, 2019
Consumer prices rose 0.4% from the previous month in October, accelerating slightly from September’s 0.1% month-on-month uptick. A breakdown of the sub-components showed that7 of the total 12 sub-components saw an increase in prices, led by clothing and footwear, and food, which more than offset lower prices for miscellaneous goods.
Meanwhile, inflation fell to 17-month low of 2.3% in October, from 2.6% in September. In turn, annual average inflation edged down to 2.9% in October, from 3.0% in October.
Author: Almanas Stanapedis, Economist