Inflation in Latvia 2.9% in February

The latest data of the Central Statistical Bureau (CSB) released March 8 show that in February 2019, compared to February 2018, the average level of consumer prices rose by 2.9 %. Prices of both goods and services grew by 2.9 %.

"Compared to February 2018, in February 2019 the average level of consumer prices was mainly influenced by the rise in prices of goods and services related to housing, alcoholic beverages and tobacco products, food and non-alcoholic beverages, restaurant and hotel services, as well as prices in recreation and culture group," the CSB said.

During the month, the average level of consumer prices increased by the negligible amount of 0.1 %. Prices of goods increased by 0.1 %, while the average level of service prices did not change.

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