Government approves indexing pensions on September 1

Published date24 May 2022
Publication titleLETA

RIGA, May 24 (LETA) - The government today supported indexing pensions a month earlier, on September 1, to compensate pensioners for the rising energy prices and inflation.

ccording to the Central Statistical Bureau, this past March the average consumer price level increased by 11.5 percent year on year. Prices of transport-related products and services increased the most, 22.9 percent, food prices rose 14.7 percent, prices of housing-related goods and services increased 14.5 percent, prices for miscellaneous goods and services increased 8.5 percent, prices of healthcare services rose 5 percent. Compared to this past February, average consumer price level increased 3.3 percent in March.

Meanwhile, the average pension in Latvia remains relatively small. According to the State Social Insurance Agency, this past March the average state pension, with supplement, was EUR 404...

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