Latvia: Inflation ticks down in January
Consumer prices fell 0.4% from the previous month in January, on the heels of December’s 0.2% decrease. A breakdown of the sub-components showed the result chiefly reflected markedly lower prices for clothing and footwear which more than offset higher prices for food and transport.
Inflation ebbed down 2.2% at the outset of the year, from 2.3% in December. In a similar fashion, annual average inflation remained ticked down to 2.7% in January, from December’s 2.8%.