Latvia: Inflation ticks down in February
March 15, 2019
Consumer prices rose 0.1% from the previous month in February, moderating from January’s 0.5% increase. According to Latvia’s Central Statistical Bureau, the reading largely reflected higher prices for recreation and culture, and alcohol and tobacco more than offsetting lower prices for miscellaneous goods and housing.
Inflation inched down from 3.0% in January to 2.9% in February. Meanwhile, annual average inflation rose slightly to 2.7% in February, from 2.6% in January, marking a 12-month high. Lastly, harmonized inflation ticked down to 2.8% in February, from 2.9% in the previous month.
Author: Almanas Stanapedis, Economist