Latvia's consumer price inflation accelerated in May to the highest level in five months, data from the statistical office showed on Tuesday.
The consumer price index rose 3.5 percent year-on-year in May, faster than the 2.9 percent increase in April. Moreover, a similar inflation rate was last seen in December 2025.
The upward trend in inflation was mainly driven by higher costs for housing and utilities, and restaurants and accommodation services, and transportation.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.