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Latvian consumer prices drop 1% in July; annual inflation down to 2.9%
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    News

    Latvian consumer prices drop 1% in July; annual inflation down to 2.9%

    RIGA, Aug 8 (LETA) - In July 2018, Latvian consumer prices dropped 1 percent from June, while the annual inflation rate (July 2018 against July 2017) was 2.9 percent, the Central Statistics Bureau (CSB) reported today.

    During the last 12 months, consumer prices rose 3 percent against the previous 12-month period.

    Statistics show that in July 2918, prices of goods climbed 1.5 percent from June, while services prices increased by 0.3 percent on average. Compared to July 2017, goods rose in price by 2.9 percent and services became 2.8 percent costlier in July 2018.

    Declining prices of clothing and footwear, food and non-alcoholic beverages, goods and services related to housing, goods and services related to transport, prices in miscellaneous goods and services group, as well as rise in prices of goods and services related to recreation and culture, alcoholic beverages and tobacco products exerted the greatest influence on monthly price changes.

    Compared to July 2018, in July 2019 the average level of consumer prices was mainly influenced by the rise in prices of food and non-alcoholic beverages, alcoholic beverages and tobacco products, goods and services related to housing, goods and services related to recreation and culture, as well as restaurant and hotel services.

    • Published: 08.08.2019 13:25
    • LETA
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