In October, annual inflation in Latvia was higher than the EU and euro area average

In October, annual inflation in Latvia was higher than in the European Union (EU) and the eurozone on average, according to Eurostat data released on Wednesday.

Annual inflation in Latvia was 6% in October. The highest inflation last month was in Lithuania (8.2%), Estonia (6.8%), Hungary (6.6%), Romania (6.5%) and Poland (6.4%).

In October, compared to the tenth month of 2020, inflation was registered in all EU member states.

EU average annual inflation was 4.4% in October, compared with 4.1% in the euro area.

Compared to the previous month – September – consumer prices in October in the EU increased by 0.9%, but in the euro area – by 0.8%.

In Latvia, as well as in Greece, Hungary and Slovenia, compared to September, consumer prices increased by 1.1% in October, but in Lithuania – by 1.7%. The highest monthly inflation was in Belgium (1.8%), while monthly deflation was recorded in Estonia (-0.2%) and Malta (-0.6%).

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