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Monday, March 10, 2008

Latvia Inflation February 2008

Latvian inflation accelerated to a 16.7 per cent annual rate in February, up from 15.8 per cent in January, Latvijas Statistika said today. Compared to January 2008, the average consumer price level in February 2008 rose by 1.3%. Prices for goods increased by 1.5%, and prices for services rose by 0.9%.

The rise in the prices of tobacco products, heating energy, as well as services related to the housing maintenance and the price decrease of telecommunication services had the greatest impact on consumer price changes in February the statistics office said.

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