In July 2020 inflation in Latvia was below the average in the European Union and Eurozone, according to data published by Eurostat.
Annual inflation in Latvia, like Luxembourg, was 0.1% in July. Inflation was higher than that in Hungary (3.9%), Poland (3.7%), Czech Republic (3.6%), Romania (2.5%), Slovakia and Austria (1.8% in both), Belgium (1.7%) and Netherlands (1.6%).
Compared to July 2019, inflation was registered in 18 EU member states. In France and Lithuania consumer prices have increased 0.9%, in Italy prices have increased by 08.8%, in Finland and Sweden the increase was 0.7%, and in Bulgaria and Denmark the increase was 0.4%.
In Germany consumer prices have remained unchanged. In Portugal they have declined 0.1%, in Slovenia consumer prices have decreased 0.3%, in Ireland and Croatia prices have decreased 0.6%, in Spain prices have decreased 0.7%, in Estonia prices have decreased 1.3%, in Cyprus prices have decreased 2% and in Greece – by 2.1%.
Average inflation was 0.9% in the EU and 0.4% in Eurozone in July 2020.
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