International Internet Magazine. Baltic States news & analytics
Thursday, 28.05.2015, 08:58
The Finance Ministry projects that Latvia's GDP will increase by 2.1% in 2015, while the inflation rate is forecast at 0.4%, informs LETA.
The consumer price level in Latvia in April 2015, compared with the same month of the previous year, increased 0.6%, which was the third highest increase in the EU, reports LETA, according to the latest data from the EU's statistical office Eurostat.
Statistics Lithuania informs that in April 2015, 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 minus 0.2%.
According to the latest data of the Central Statistical Bureau (CSB), compared to April 20141 the average consumer price level in April 2015 grew by 0.5%. Prices of goods decreased by 0.4%, while prices of services grew by 2.9%.
Statistics Lithuania informs that in April 2015, compared to March, prices for consumer goods and services increased by 0.7%. It was mainly influenced by an increase in prices for vegetables, clothing, footwear, spirits, fruit and fuels and lubricants, as well as by a decrease in prices for heat energy, package holidays, milk and milk products, cheese and eggs (see Table 2).
According to Statistics Estonia, the change of the consumer price index in April 2015 was 0.5% compared to March 2015 and -0.1% compared to April of the previous year.
The European Union's economy could grow about 1.8% in 2015, and the eurozone's economy 1.5%, according to the European Commission's "European Economic Forecast" released today, cites LETA.