International Internet Magazine. Baltic States news & analytics
Friday, 28.11.2014, 08:50
The pressure on prices from wage rises in 2014 is weaker than last year, Estonian central bank Eesti Pank said in comment to the fresh third quarter average wage increase data, cites LETA.
Keyword tags: Analytics, Estonia, Financial Services, Inflation, Wages
Latvia's annual inflation was 0.7% in October (same as in Malta, Germany, and the Czech Republic), which is the fourth highest level among all European Union (EU) member states, according to latest data published by Eurostat, cites LETA.
The impact of the euro changeover on monthly inflation in Latvia in January 2014 was between 0.12 and 0.21 percentage points, the European Union's statistical office Eurostat said, cites LETA.
After Statistics Lithuania evaluated prices of 100 homogenous consumer goods and services it transpired that 39 goods and services became more expensive, 48 became cheaper, while prices of 13 goods and services did not change, informs LETA/ELTA.
Statistics Lithuania informs that in October 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 0.3%.
According to the latest data of the Central Statistical Bureau (CSB), compared to October 2013 (1) the average consumer price level in October 2014 rose by 0.7%.
Prices fell in Estonia in October 2014 for the fifth month in a row, and among other things, oil price decreases contributed to that; Estonian central bank Eesti Pank said that now it seems that next year, oil is likely to become more expensive, reports LETA.