LV: Latvian inflation of 4.7% y/y 4th highest in EU in June-Eurostat.

By bne IntelliNews July 18, 2011
According to the report by European Statistical Agency Eurostat, Latvia posted annual inflation of 4.7% in June 2011, which was the fourth highest inflation rate among EU member states. Latvia followed Romania (8%), Estonia (4.9%) and Lithuania (4.8%), while average EU annual inflation in the reporting month was 3.1%. Consumer price index (CPI) inflation stood at 4.8% y/y in June, Statistics Latvia announced. In m/m terms in June CPI inflation reached 0.3% m/m. Average 12 month inflation stood at 2.6% y/y. In June in m/m terms prices of goods increased by 0.3% m/m, while prices of services grew by 0.2% m/m, in y/y terms goods prices grew by 6.4% y/y, and 0.5% y/y for services respectively. In June the increase was mainly due to 10.6% y/y increase in food prices, 8.3% y/y increase in price of transport, 6.0% y/y increase in housing and utilities prices, and 5.4% y/y increase in price of clothing and footwear.

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