Consumer prices and inflation down in Latvia

Latvia's consumer price inflation slowed down in June on a year-over-year basis, according to a Central Statistics Bureau report from yesterday.

The consumer price inflation was 0.6 percent on a year-over-year basis, down from 1.2 percent in May. 

Prices for goods decreased by 0.4 percent while prices for services increased by 3.3 percent.

Costs for products related to housing grew 4.8 percent in June from a year ago. Only heating costs decreased in this group. Transportation costs shrank by 2.9 percent, and it was mostly accounted for the decrease in fuel costs by 10.2 percent. Food prices also dropped, by 1.6 percent.

On a monthly basis, consumer prices decreased by 0.2 percent in June. 

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