Fast rise of energy prices and supply chain disruptions causing high inflation in Latvia - European Commission
Published date | 24 May 2022 |
Publication title | LETA |
RIGA, May 24 (LETA) - A steep rise of energy prices and supply chain disruptions are causing high inflation in Latvia, the European Commission says in a new report.
The European Commission has released the European Semester Spring Package 2022, which includes country reports on the bloc's 27 member states, including Latvia. In following weeks, the reports and recommendations to each particular member state will be discussed in committees of the Council of the EU. The EU Economic and Financial Affairs Council (ECOFIN) is expected to adopt them in July this year.
ccording to report, the inflation rate in 2022 is expected to hit 9.4 percent on the steep rise of energy and food prices.
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