Latvian Consumer Prices Grew 0.6% in January, Below Forecast

Latvian consumer prices advanced less than analysts forecast in January as communications and clothing costs fell.

Prices rose 0.6 percent from a year earlier, the slowest pace in 28 months, compared with a 1.6 percent increase in December, the statistics office, based in the capital, Riga, said today in by e-mail. That’s below the 1.2 percent median estimate in a Bloomberg survey of seven economists. Prices fell 0.2 percent from the previous month.

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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