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Bloomberg

Latvia Prices Rise at Slowest Pace Since 2010 on Communications

February 08, 2012, 6:22 AM EST

By Aaron Eglitis

Feb. 8 (Bloomberg) -- Latvian consumer prices grew at the slowest pace in 13 months in January as communications and health costs fell.

The inflation rate dropped to 3.6 percent from 4 percent the previous month, the statistics office in the capital, Riga, said today on its website. That matched the median estimate of five economists in a Bloomberg survey. Consumer prices rose 0.8 percent from December.

--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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