Annual inflation at 2.2% in March

Data by Latvia's Central Statistical Bureau show that the average level of consumer prices rose by 2.2% on year, with prices of goods growing 1.6% and prices of services by 3.7%.

Data by Latvia's Central Statistical Bureau show that the average level of consumer prices rose by 2.2% on year, with prices of goods growing 1.6% and prices of services by 3.7%.

Compared to March 2017, in March 2018 the average level of consumer prices was mainly influenced by the rise in prices of goods and services related to housing, goods and services related to transport, miscellaneous goods and services group, alcoholic beverages and tobacco products, as well as food and non-alcoholic beverages.

Also last year food and non-alcoholic beverages group and goods and services related to transport had significant impact on annual inflation.

Monthly inflation at 1.2%

In March, the greatest pressure on the consumer price changes was put by the growth in prices of clothing and footwear, alcoholic beverages and tobacco products, goods and services related to recreation and culture, goods and services related to transport, as well as drop in prices of food and non-alcoholic beverages.

As a result, compared to February 2018, in March 2018 the average level of consumer prices rose by 1.2 %. Prices for goods increased by 1.5 % and prices of services by 0.7 %.

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