Inflation 0.5% in September, 0.6% on year

According to the data published Monday by the Central Statistics Office, Latvia's annual inflation in September was 0.6%, with prices of goods decreasing 0.3% and prices of services growing 2.8%.

Compared to September 2015, in September 2016 inflation was pushed up mainly by an increase in the prices of food and non-alcoholic beverages, prices of recreation and culture, health care, alcoholic beverages and tobacco, and prices in the communication group.

Prices were brought down by a drop in the prices of goods and services related to transport, goods and services related to housing, and prices of clothing and footwear.

Monthly inflation at 0.5%

Compared to August 2016, in September 2016 the average level of consumer prices grew by 0.5%. Prices of goods increased by 0.7%, while prices of services declined by 0.2%.

In September, the consumer price level was mainly affected by an increase in the prices of clothing and footwear, food and non-alcoholic beverages, and prices in the miscellaneous goods and services group, as well as by a decrease in the prices of alcoholic beverages and tobacco, and goods and services related to transport.

Click here to read in-depth customer prices data by the Central Statistics Office.

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