International Internet Magazine. Baltic States news & analytics
Saturday, 28.02.2015, 07:20
The consumer price level in Latvia in January 2015, compared with the same period last year, reduced by 0.3%, according to the latest data from Eurostat. Annual deflation in January was observed in 23 EU member states, while only five member states registered inflation, writes LETA.
Keyword tags: Analytics, EU – Baltic States, Inflation
Latvia's gross domestic product (GDP) in 2015 could grow 2%, inflation – 1%, reports LETA, according to the Economy Ministry's forecasts.
According to the latest data of the Central Statistical Bureau (CSB), compared to January 2014 (1) the average consumer price level in January 2015 decreased by 0.4%. Prices of goods decreased by 1.3%, while prices of services grew by 2.1%.
Energy prices fell even further in January 2015 in Estonia, with the result that the total price level in Estonia was 0.4% down on the previous month, Estonia's central bank Eesti Pank said in its comments, cites LETA.
According to Statistics Estonia, the change of the consumer price index in January 2015 was -0.4% compared to December 2014 and -1.3% compared to January of the previous year.
For the first time since 2007, the economies of all European Union member states are expected to grow again in 2015, reports LETA, referring to the European Commission's winter forecast.
According to the latest data of the Central Statistical Bureau (CSB), compared to December 20131, the average consumer price level in December 2014 rose by 0.2%.