In February 2023 inflation in Latvia was higher than average in the European Union and Eurozone, according to data published by Eurostat.
Annual inflation in Latvia was 20.1% in February. Inflation was higher in Hungary (25.8%). Inflation lower than Latvia’s was in the Czech Republic (18.4%), Estonia (17.8%), as well as Poland and Lithuania (17.2% in both).
In February 2023, as compared with the same month of 2022, consumer price rise is observed in all EU member states.
The average inflation in the EU was 9.9% in February. In Eurozone it was 8.5%.
When compared with January, consumer prices in the EU and Eurozone have increased by 0.8%.
In Latvia, as well as Slovenia, consumer prices increased by 0.6% in February. In Lithuania and Estonia, as well as Bulgaria and Finland, prices increased by 0.7%.
Consumer prices went up in all EU member states. Inflation was the highest in Ireland (+1.5%).
Eurostat calculates inflation based on the Harmonised Index of Consumer Prices (HICP) of the European Union.
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