In January 2023 inflation in Latvia was higher than average in the European Union and Eurozone, according to data published by Eurostat.
Inflation in Latvia was 21.4% in January.
Higher than that it was only in Hungary (26.2%). The Czech Republic had a slightly lower inflation (19.1%). As did Estonia (18.6%) and Lithuania (18.5%).
In January 2023, when compared with January 2022, consumer price rise was observed in all EU member states.
The average inflation in the EU was 10% in January. In Eurozone it was 8.6%.
Compared with December 2022, consumer prices in January 2023 increased by 0.2% in the EU and went down by 0.2% in Eurozone.
In Latvia prices in January have increased by 0.5% when compared with December. In Lithuania and Estonia prices have increased by 0.6%.
Between the two months prices have increased in 15 EU member states. Monthly inflation was the highest in the Czech Republic (+6.6%). The highest monthly deflation was observed in the Netherlands (-1.9%).
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