Financial News: Latvia Inflation Rises To 5-month High

Latvia Inflation Rises To 5-month High

06/09/2026 - 09:10:00 (RTTNews)

(RTTNews) - Latvia's consumer price inflation accelerated in May to the highest level in five months, data from the statistical office showed on Tuesday.

The consumer price index rose 3.5 percent year-on-year in May, faster than the 2.9 percent increase in April. Moreover, a similar inflation rate was last seen in December 2025.

The upward trend in inflation was mainly driven by higher costs for housing and utilities, and restaurants and accommodation services, and transportation.

Inflation based on transportation quickened to 11.1 percent from 8.5 percent amid a 21.5 percent surge in petrol costs. The annual price growth in housing and utilities accelerated to 5.8 percent from 5.1 percent. Meanwhile, the deflation in food and non-alcoholic beverages deepened to 0.8 percent from 0.3 percent.

Monthly, consumer prices moved up 0.5 percent versus a 0.6 percent increase in April.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Eurozone Economic Sentiment Improves More Than Forecast (02 hr(s), 0 min(s),53 sec(s) ago)
(RTTNews) - Eurozone economic confidence improved more than expected in June as tensions in the Mi ...Full Story»

UK Mortgage Approvals Lowest Since Late 2023 (03 hr(s), 19 min(s), 53 sec(s) ago)
(RTTNews) - UK mortgage approvals fell to the lowest since late 2023 in May, the Bank of England s ...Full Story»

Eurozone Loans To Private Sector Increases At Faster Pace (03 hr(s), 56 min(s), 53 sec(s) ago)
(RTTNews) - Eurozone bank loans to the private sector increased at a faster pace in May, primarily ...Full Story»

Spain Inflation Steady At 3.2% (04 hr(s), 20 min(s), 53 sec(s) ago)
(RTTNews) - Spain's consumer price inflation remained stable in June, flash data from the stat ...Full Story»

Japan Retail Sales Rise Third Month (09 hr(s), 21 min(s), 53 sec(s) ago)
(RTTNews) - Japan retail sales increased for the third month in May, suggesting that consumer spen ...Full Story»

Japan Retail Sales Data Due On Monday (40 min(s), 07 sec(s) ago)
(RTTNews) - Japan will on Monday release May numbers for retail sales, highlighting a light day fo ...Full Story»

U.S. Consumer Sentiment Rebounds Slightly More Than Previously Estimated In June (01 hr(s), 11 min(s), 53 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Austria Manufacturing Growth Softens (06 hr(s), 14 min(s), 53 sec(s) ago)
(RTTNews) - Austria's manufacturing sector continued to expand in June but the pace of expansi ...Full Story»