Inflation in Latvia has slowed down dramatically ,from 21.8% in November 2022 to 2.1% in October 2023. Food inflation rate fell from 30% in summer 2022 to 4.3% last month
by Straight_Ad2258
Inflation in Latvia has slowed down dramatically ,from 21.8% in November 2022 to 2.1% in October 2023. Food inflation rate fell from 30% in summer 2022 to 4.3% last month
by Straight_Ad2258
9 comments
source:[https://tradingeconomics.com/latvia/food-inflation](https://tradingeconomics.com/latvia/food-inflation)
turns out that being part of Eurozone wasnt so bad after all for Baltic countries
non-euro EU countries like Romania,Poland,Hungary , Czech Republic **have higher inflation rates while having higher interest rates** than all Baltic states
[https://tradingeconomics.com/country-list/interest-rate?continent=europe](https://tradingeconomics.com/country-list/interest-rate?continent=europe)
[https://tradingeconomics.com/country-list/inflation-rate?continent=europe](https://tradingeconomics.com/country-list/inflation-rate?continent=europe)
That’s a massive drop
How are food prices in the Baltics now compared to the other Eurozone countries?
Have the prices gone down? Or their rate of growth has slowed down?
They on a massive diet there
Prices (mainly food) are still up 50% compared to last year.
Deflation is needed to restore proper prices.
Damage has already been done, if inflation drops in year, it does not mean that prices has dropped xit just mean that prices are not increasing anymore.