FX.co ★ Latvia Inflation Slows In February

Latvia's consumer price inflation eased slightly in February, preliminary data from the statistical office showed on Wednesday.

Consumer prices surged 20.3 percent year-on-year in February, following a 21.5 percent increase in the prior month.

The overall strong inflation was largely driven by a 46.6 percent jump in housing costs. Food prices also grew sharply by 25.0 percent from last year.

Over the year, prices for food and non-alcoholic beverages increased by 25.3 percent.

On a monthly basis, consumer prices moved up 0.6 percent after an increase of 0.5 percent in the prior month.