Inflation in Latvia below EU’s and Eurozone’s average in July

Inflation in Latvia below EU’s and Eurozone’s average in July

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.

Photo Credit : https://www.picpedia.org/highway-signs/i/inflation.html

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