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Annual inflation in Latvia, as in Cyprus, was 0.3% in March. The highest inflation rates last month were in Poland (4.4%), Hungary (3.9%), Romania and Luxembourg (both 2.5%), the Czech Republic (2.3%), Sweden (2.1%), as well as also in Austria and Germany (2% in both countries).
In March, compared to the third month of 2020, inflation was registered in all EU member states, except Greece, where there was an annual deflation of 2%.
In Lithuania, as in Croatia and Belgium, inflation was 1.6% in March, while in Estonia, as in Denmark, it was 0.9%.
The average annual inflation in the EU was 1.7% in March, while in the euro area it was 1.3%.
Compared to the previous month – February – consumer prices in March both in the EU and in the euro area increased by 0.9%.
Compared to February, consumer prices in Latvia increased by 0.8% in March, in Lithuania they increased by 1% month-on-month, but in Estonia they decreased by 0.3%. The highest monthly inflation was in Spain (1.2%), while monthly deflation was recorded only in Estonia.
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