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%.