Tuesday, February 23, 2021

‘Eurostat’: Latvia in January among six EU countries with annual deflation


In January, consumer prices in Latvia decreased by 0.5% compared to the corresponding period last year, being among the six European Union (EU) member states where annual deflation was registered in this period, according to the data of the EU statistical office “Eurostat” published on Tuesday.

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Annual deflation is still recorded in Greece (-2.4%), Slovenia (-0.9%), Cyprus (-0.8%), Bulgaria (-0.4%) and Ireland (-0.1%), but In Croatia, consumer prices have remained stable over the year.

Meanwhile, the highest annual inflation in January was recorded in Poland (3.6%), Hungary (2.9%), the Czech Republic (2.2%), Romania (2%) and Sweden (1.9%), while the lowest was in Lithuania. Malta and Portugal (0.2% in all countries) and Estonia (0.3%).

The average annual inflation in the EU was 1.2% in January, while in the euro area it was 0.9%.

Compared to the previous month – December – consumer prices in the EU have increased by 0.3%, but in the euro area – by 0.2%.

Compared to December, consumer prices in Latvia increased by 0.4% in January, but in Lithuania and Estonia – by 0.5%. The highest monthly inflation was in Germany (1.4%), while the highest monthly deflation was recorded in Malta and Greece (-1.3% in both countries).





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