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Monday, 28.07.2014, 13:29
Annual inflation in Latvia was 0.8% in June 2014 – the seventh highest across the European Union, according to the latest data from the EU's statistical office Eurostat. In Lithuania, annual inflation reached 0.3% in June, but in Estonia – 0.4%, writes LETA.
Keyword tags: Analytics, EU – Baltic States, Inflation
According to Statistics Lithuania, based on the harmonised index of consumer prices (HICP), the inflation calculated for July is projected to be negative and stand at –0.1%, informs LETA/ELTA.
Statistics Lithuania informs that in June 2014 average annual inflation calculated based on the harmonised index of consumer prices (HICP), which is methodologically harmonised with those of other EU Member States, stood at 0.4%.
Statistics Lithuania informs that in June 2014, compared to May, prices for consumer goods and services remained unchanged because a decrease in prices for some consumer goods and services was counterbalanced by an increase in prices for other consumer goods and services.
Compared to June 2013, the average consumer price level in June 2014 (1) rose by 0.7%. Prices of goods decreased by 0.2%, while prices of services grew by 2.9%.
Rasmus Kattai, Head of the Economic Policy Sub-Division at the Bank of Estonia, estimated that the current decline in consumer prices in Estonia will not last long, writes LETA/Postimees Online.
According to Statistics Estonia, the change of the consumer price index in June 2014 was 0.0% compared to May 2014 and –0.4% compared to June of the previous year.