Latvia: Inflation rises to 20-month high in August
September 8, 2014
In August, consumer prices fell 0.7% over the previous month. The reading followed the 0.4% decrease observed in July and mainly reflected lower prices for food and transport as well as for clothing and footwear.
Annual headline inflation rose from 0.7% in July to 0.9% in August, which marked the highest rate since December 2012. Meanwhile, annual HICP inflation edged down from 0.8% in June to 0.6% in July, which is the last month for which data are available. Annual average HICP inflation inched up from 0.2% in June to 0.3% in July.
Author: Ricardo Aceves, Senior Economist