Bloomberg News

Latvia’s Inflation Rate Declines to Lowest Level in 20 Months

July 09, 2012

Latvian consumer prices grew at the slowest pace in 20 months in June as transport costs fell.

The inflation rate dropped to 1.9 percent from 2.2 percent in May, the statistics office, based in the capital, Riga, said today on its website. Prices fell 0.1 percent from the previous month.

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

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


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