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Tuesday, 21.10.2014, 00:12
Annual inflation in Latvia was 1.2% this past September – the fourth highest across the European Union, according to the latest data from the EU's statistical office Eurostat, cites LETA.
Keyword tags: Analytics, EU – Baltic States, Inflation
Statistics Lithuania informs that in September 2014, compared to August, prices for consumer goods and services increased by 0.4%. In September 2014, annual (September 2014, against September 2013) deflation was recorded, which stood at 0.1%.
Over the past few months, consumption prices have been fluctuating in Latvia due to seasonality, hence in 2014, the average annual inflation will be under 1%, the Economy Ministry's spokesman Janis Salmins told the business portal Nozare.lv, cites LETA.
According to the latest data of the Central Statistical Bureau (CSB), compared to September 2013 (1) the average consumer price level in September 2014, rose by 1.0%.
According to Statistics Estonia, the change of the consumer price index in September 2014 was -0.2% compared to August 2014 and -0.6% compared to September of the previous year.
The annual inflation in the eurozone has decreased to 0.3%, as compared to 0.4% in August 2014, the Statistical Office of the European Union, Eurostat announced on Tuesday, cites LETA.
The Bank of Latvia predicts that Latvia's gross domestic product (GDP) in 2014 will increase by 2.9%, the Bank of Latvia President Ilmars Rimsevics told members of the press today, cites LETa/Nozare.lv.