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Market Update: Latvia Inflation Rate Rises to Over 2-½- Year High
Lativias annual inflation rose to 2.6 percent in May of 2021 from 1.7 percent in April 2021. It was the highest inflation rate since September 2019 due to accelerated inflation of transport (11.4 percent vs 9.7 percent), food and non-alcoholic beverages (0.9 percent vs 0.5 percent), recreation & culture (3.0 percent vs 1.9 percent), health care (3.0 percent vs 2.6 percent), alcoholic beverages and tobacco (2.0 percent vs 0.3 percent), clothing and footwear (2.6 percent vs 0.8 percent). On a monthly basis, consumer prices went up 0.5 percent, from 0.9 increase in the previous month. source: Central Statistical Bureau of Latvia [/s2If]
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