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Latvia's Inflation Eases For Third Month

Latvia's consumer price inflation weakened for the third successive month in March, data released by the Central Statistical Bureau showed Tuesday.

Inflation as per the consumer price index decelerated to 0.2 percent in March from 0.3 percent in February and 0.6 percent in January. Inflation has slowed for the third successive month.

The average price level for goods increased by 0.3 percent, while costs of services did not change. The greatest upward pressures on prices were put by the rise in food commodity prices, whereas drop in the transport goods and services and communication services prices had the most significant downward impact.

Month-on-month, the consumer price index moved up 0.5 percent in March, reversing the previous month's 0.1 percent decrease, data showed.

by RTT Staff Writer

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