Latvia: Inflation moderates in June
July 15, 2019
Consumer prices rose 0.4% from the previous month in June, up from May’s 0.2% increase. According to a breakdown of the sub-components provided by Latvia’s Central Statistical Bureau, 8 of the total 12 saw a rise in prices led by miscellaneous goods and services, and alcohol and tobacco, which more than offset lower prices for clothing and footwear. Notably, food prices remained unchanged from the previous month in June.
Inflation moderated from 3.3% in May to 3.0% in June. Meanwhile, annual average inflation remained stable at May’s near seven-year high of 3.0% in June. Lastly, harmonized inflation fell from an over seven-year high of 3.5% in May to 3.1% in June.
Author: Almanas Stanapedis, Economist