Latvia: Inflation increases in January
February 20, 2019
Consumer prices rose 0.5% from the previous month in January, following December’s 0.4% dip. According to Latvia’s Central Statistical Bureau, the reading largely reflected higher prices for food and housing which more than offset lower prices for clothing and footwear, and transport.
Inflation rose from a five-month low of 2.6% in December to 3.0% in January. Meanwhile, annual average inflation ticked up to 2.6% in January, from 2.5% in the previous month. Lastly, harmonized inflation rose from 2.6% in December to 2.9% in January.
Author: Almanas Stanapedis, Research Team Manager