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Latvian consumer prices down 0.1% in August; annual inflation at 2.8%
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    Latvian consumer prices down 0.1% in August; annual inflation at 2.8%

    RIGA, Sept 10 (LETA) - In August 2018, Latvian consumer prices moved down 0.1 percent from July, while the annual inflation rate (August 2018 against August 2017) was 2.8 percent, the Central Statistical Bureau (CSB) reported today.

    During the last 12 months, consumer prices rose 2.4 percent against the previous 12-month period.

    Statistics show that in August 2918, prices of goods declined 0.2 percent from July, while services prices rose by 0.2 percent on average. Compared to August 2017, both goods and services rose in price by 2.8 percent in August 2018.

    The greatest pressure on the monthly consumer price changes was put by the drop in prices of food and non-alcoholic beverages, goods and services related transport, as well as the rise in prices of goods and services related to housing, clothing and footwear, and health care.

    Compared to August 2017, in August 2018 the average level of consumer prices was mainly influenced by the rise in prices of goods and services related to transport, goods and services related to housing, alcoholic beverages and tobacco products, prices in miscellaneous goods and services group, prices of health care, as well as drop in prices of food and non-alcoholic beverages.

    • Published: 10.09.2018 13:27
    • LETA
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