Latvia May Annual Inflation At 2-Year High
2011-06-08 14:41:46
Latvia's consumer prices increased at the fastest pace in twenty-five months in May, data released by Statistics Latvia showed Wednesday.
The consumer price index increased 5 percent year-on-year in May, faster than the 4.5 percent rise recorded in April. The latest growth was the fastest since April 2009, when consumer prices advanced 6.2 percent.
Prices of food and non-alcoholic beverages climbed 11.3 percent annually, while clothing and footwear prices moved up 5.2 percent in May. There was a 7.6 percent increase in housing costs and utility prices, and a 7.4 percent rise in transport costs.
On a monthly basis, consumer prices grew 0.4 percent in May, after growing 1.1 percent in the previous month.