In January, annual inflation in Latvia was higher than the average in the European Union and the euro area, according to the data published by the EU Statistical Office on Wednesday, February 23 Eurostat data.
Annual inflation in Latvia was 7.5% in January. The highest inflation last month was in Lithuania (12.2%), Estonia (11%), the Czech Republic (8.8%) and Poland (8.7%).
In January, compared to the first month of 2021, inflation was registered in all EU member states.
The EU average annual inflation was 5.6% in January, compared with 5.1% in the euro area.
Compared to the previous month – December – consumer prices in January in the EU increased by 0.5%, but in the euro area – by 0.3%.
In Latvia, as in Italy, Malta and Austria, consumer prices remained unchanged in January compared with December, in Lithuania they increased by 1.9%, but in Estonia they decreased by 0.3%. The highest monthly inflation was in the Czech Republic (4.6%), while another month’s deflation was recorded in Greece (-0.2%), Ireland (-0.4%), Sweden (-0.6%) and Cyprus (-0.7%). %) and Spain (-0.8%).
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