LV: Latvian deflation of 4.3% y/y highest in EU in February-Eurostat.

By bne IntelliNews March 17, 2010
According to the report by European Statistical Agency Eurostat, Latvia posted annual deflation of 4.3% in February 2010, which was the highest deflation rate among EU member states. 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 already. Consumer prices decreased by 4.2% y/y in February 2010 (deflation of 3.1% y/y in January), according to a report by Central Statistical Bureau. Notably, this was the fifth month in a row that y/y deflation is posted. Prices decreased by 3.9% y/y for goods and by 4.8% y/y for services in February.

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
Dismiss