RIGA - Latvia's annual inflation in October still remained higher than in neighboring Lithuania and Estonia, according to information from Baltic statistics offices.
In October 2006, consumer prices in Latvia rose 5.6 percent from the same month last year. Inflation in Lithuania was 3.6 percent and in Estonia 3.7 percent.
Between September and October 2006, consumer prices went up 0.5 percent, mostly due to growing prices for food products, clothing and footwear and a decline in fuel prices. In Lithuania, consumer prices were up 1 percent over the same period, driven mainly by real estate, heating prices, liquefied gas, water, food products and non-alcoholic beverages, clothing, footwear and transport. Estonian consumer prices declined by 0.1 percent over the respective period, due to lower fuel and fruit prices, growing real estate and end of year clothing discounts.
