Annual inflation rose in May, indicating sustained demand

  • 2015-07-02
  • Daina Paula
RIGA - In May 2015, the annual inflation rose, reaching 1.2%. The rise was mostly due to price rises in some core inflation goods and services groups and a greater than usual for the seasonal average price rises in some groups of goods for which a seasonal fluctuation in prices is characteristic. Thus data suggest a sustained demand. The rise in oil prices in May compared to the April average was a little faster than in  April, therefore fuel merchants continued to gradually raise the retail prices of fuel (they rose on average by 1.9%). Yet overall, the average pric...
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