Economy Ministry projects annual inflation could exceed 12% this year

• Published date: 10 May 2022
• Publication title: LETA

RIGA, May 10 (LETA) - The Economy Ministry (MoE) forecasts that this year's average annual inflation could exceed 12 percent, the ministry told LETA.

The MoE anticipates that price changes will continue to exceed the level of seasonal fluctuations in the coming months. The main impact on price developments will continue to be related to rising world prices for energy and food, which will be largely affected by geopolitical tensions in the region due to Russia's...