Latvia’s inflation reaches 13.7 percent

By TBT staff

RIGA - Inflation in Latvia continued its inexorable upward trajectory in November, reaching an annual rate of 13.7 percent on soaring food prices, the statistics office announced Dec. 10. It was the sixth consecutive month for annual gains in the consumer price index, and both analysts and central bankers agree that inflation will continue to rise over the winter as food and energy prices creep higher. Monthly inflation amounted to 1.4 percent, fuelled primarily by food prices, which jumped 3. ...

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