Annual inflation at 7.9% in Latvia

The latest data published by the Central Statistical Bureau (CSB) January 11 show that in December 2021, compared to December 2020, the average level of consumer prices increased by 7.9%.

The greatest pressure on the average price level changes in December 2021 compared to December 2020 was put by the rise in prices of goods and services related to housing, goods and services related to transport, prices of food and non-alcoholic beverages, goods and services related to recreation and culture, alcoholic beverages and tobacco products, clothing and footwear, furnishings as well as within the group of miscellaneous goods and services.

In December 2021, compared to November 2021, the average level of consumer prices increased by 0.4 %. The greatest pressure on the average price level changes was put by the rise in prices of food and non-alcoholic beverages, prices of goods and services related to housing, goods and services related to recreation and culture, restaurant and hotel services as well as the drop in prices of goods and services related to transport, clothing and footwear and within the miscellaneous goods and services group.

Compared to 2015, consumer prices in December 2021 were 16.8 % higher. Prices of goods rose by 15.8 %, while prices of services - by 18.8 %.

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