Prices rose just 0.6% in 2014

According to the latest data of the Central Statistical Bureau (CSB) released Tuesday, the average consumer price level in December 2014 rose by 0.2% compared to December 2013. 

Prices of goods decreased by 0.9%, while prices of services grew by 3.3%. In 2013 consumer prices declined by 0.4%.

Compared to the previous month, consumer prices in December 2014 decreased by 0.6%. Prices of goods decreased by 1.0%, while prices of services rose by 0.3%.

The data mean that the average consumer price level over 2014 as a whole was 0.6% - up from 0% in 2013 but still at an insignificant level.

However, Latvia's level contrasted slightly to the other Baltic States' which comprised a 0.1% increase in Lithuania while Estonia experienced deflation of 0.1%.

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