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% year-on-year in May, faster than the 2.9% 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% from 8.5% amid a 21.5% surge in petrol costs. The annual price growth in housing and utilities accelerated to 5.8% from 5.1%. Meanwhile, the deflation in food and non-alcoholic beverages deepened to 0.8% from 0.3%.
Monthly, consumer prices moved up 0.5% versus a 0.6% increase in April.
