Bloomberg News

Latvia Prices Rise at Slowest Pace in 10 Months on Communication

January 09, 2012

Jan. 9 (Bloomberg) -- Latvian consumer prices grew at the slowest pace in 10 months in December as communications and education costs fell.

The inflation rate dropped to 4 percent from 4.2 percent the previous month, the statistics office in the capital, Riga, said today on its website. The median estimate of three economists in a Bloomberg survey was 4.1 percent. Consumer prices were unchanged from November.

--Editors: Andrew Langley, Alan Crosby

To contact the reporter on this story: Aaron Eglitis in Riga, Latvia, at aeglitis@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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