LV: Latvian deflation of 2.4% y/y highest in EU in May-Eurostat.

By bne IntelliNews June 17, 2010
Latvia posted annual deflation of 2.4% in May 2010, which was the highest deflation rate among EU member states, according to a report by European Statistical Agency Eurostat. Latvia posts the highest deflation in EU for the past five consecutive months. Previously, until April 2009, Latvia posted the highest inflation in EU for twenty months in a row and with rare breaks Latvian inflation was among highest in EU for almost four years. Consumer prices decreased by 2.3% y/y in May, 2010, according to a report by the Central Statistical Bureau. Notably, this is the eight month in a row that annual deflation is posted. Prices decreased by 1% y/y for goods and by 5.6% y/y for services in May. CPI inflation amounted to 11.4% in 2008, while 1.2% y/y deflation was posted in 2009.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335