Latvia: Inflation falls to nine-month low in September
October 9, 2019
Consumer prices ticked up 0.1% from the previous month in September, down slightly from August’s 0.2% drop. According to a breakdown of the sub-components provided by Latvia’s Central Statistical Bureau, 6 of the total 12 sub-components saw an increase in prices, led by clothing and footwear, and miscellaneous goods and services, which more than offset lower prices for food as well as for alcohol and tobacco.
Inflation fell to nine-month low 2.6% in September, from 3.2% in August. Meanwhile, annual average inflation remained stable at May’s near seven-year high of 3.0% in August.
Author: Almanas Stanapedis, Economist