Latvia’s consumer price inflation eased slightly in October after reaching a new record high in September, preliminary data from the statistical office showed on Tuesday.
Consumer prices surged 21.8 percent year-on-year in October, following a 22.5 percent increase in the prior month.
The overall strong inflation was largely driven by a 46.9 percent jump in housing costs, led by increased prices for heat energy, solid fuels, natural gas and electricity.
Prices for food and non-alcoholic beverages alone grew 29.5 percent, and transport charges were 20.1 percent more expensive compared to last year, linked to higher fuel prices.
On a monthly basis, consumer prices moved up 0.8 percent at the start of the fourth quarter.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
