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NEWS

Report raises hopes of inflation turnaround

Jul 09, 2008
From wire reports

RIGA - In what is hoped to be the start of the long-awaited easing of inflationary pressures, the latest consumer price inflation report for June registered an annual rate of 17.7 percent for Latvia, signaling that the 17.9 percent increase for May might have been the peak. “The main boost to inflation in June was fuel, which added 6 percent in one month, making up half the total monthly figure. In the food group, the seasonal rise in fruit prices had the strongest influence. The seasonal fa ...


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