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Latvia's annual inflation at 3.7 % in August

The latest data of the Central Statistical Bureau show that in August 2021, compared to August 2020, the average level of consumer prices increased by 3.7 %.

"The greatest pressure on the average price level changes in August 2021 compared to August 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, prices of clothing and footwear, alcoholic beverages and tobacco products, and healthcare," said the CSB.

Compared to July 2021, in August 2021 the average level of consumer prices increased by 0.4 %. The greatest pressure on the price changes was due to the increase in prices of goods and services related to housing, goods and services related to recreation and culture, goods and services related to transport, prices of clothing and footwear, as well as due to the fall in prices of food and non-alcoholic beverages, furnishings.

 

Compared to 2015, consumer prices in August 2021 were 12.7 % higher. Prices of goods rose by 10.7 %, while prices of services - by 17.4 %.

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