According to the Statistics Latvia, price level remained unchanged in February vs. January, annual inflation increased slightly to 0.5%, from 0.4% in January. Euro introduction helped to end the intermittent deflation that was observed last year, but failed to push prices up in a way as was feared before.
We expect that there will be moderate price increases in the coming months and annual inflation will gradually creep up as price level last year in Latvia was almost completely flat.
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