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Sunday, 02.08.2015, 11:16
The consumer price level in Latvia in June 2015, compared with the same month of the previous year, increased 0.7%, which was the fifth highest increase in the EU, reports LETA, according to the latest data from the EU's statistical office Eurostat.
Keyword tags: Analytics, EU – Baltic States, Inflation
In June 2015, the average retail prices of 44 of the 100 main homogeneous consumer goods and services observed by Statistics Lithuania increased. Prices of 39 goods and services decreased while 17 – remained the same, reports LETA/ELTA.
Statistics Lithuania informs that in June 2015, compared to May, prices for consumer goods and services decreased by 0.1%. In June 2015, annual (June 2015 against June 2014) deflation stood at 0.5%.
Estonia's central bank Eesti Pank said in comments to the June consumer price index data that the fall in prices in June 2015 was caused by external factors, reports LETA.
According to the latest data of the Central Statistical Bureau (CSB), compared to June 2014 (1), the average consumer price level in June 2015 grew by 0.6%.
According to Statistics Estonia, the change of the consumer price index in June 2015 was -0.2% compared to May 2015 and -0.1% compared to June of the previous year.
Latvia's gross domestic product could increase 2% in 2015, whereas inflation could be around 0.9%, reports LETA, according to the Economy Ministry's forecasts.