Latvia's consumer price inflation increased in August to the highest level in two years, preliminary data from the statistical office showed on Monday.
The consumer price index rose 4.1 percent year-on-year in August, faster than the 3.8 percent increase in July.
Moreover, this was the highest inflation rate since August 2023, when prices increased 5.4 percent.
The average level of consumer prices was mainly influenced by the rise in prices of food and non-alcoholic beverages, mainly of coffee, poultry, chocolate, fresh fruit, eggs, butter, cheese and curd, the agency said.
Food prices alone grew 7.5 percent annually in August, and housing costs were 3.6 percent more expensive. Clothing and footwear prices were 1.6 percent more expensive.
On a monthly basis, consumer prices dropped 0.2 percent versus a 0.1 percent increase in July.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.