Riga Rooster

From StandBy News - 14 May 2007, www.standbynews.info


Prices at hotels and restaurants in Latvia up 42% since April 2004

According to the Latvian Central Statistical Bureau, the services of hotels and restaurants in April were 17.5% more expensive on average compared to April 2006. Since Latvia joined the European Union, the prices for catering and hotel services have climbed rapidly – compared to April 2004, prices have increased by 42%.

Dienas Bizness, 2007-05-11

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Annual inflation in April at 8.9% from: http://www.leta.lv

RIGA, May 10 (LETA) - Inflation in Latvia keeps rising: in April, compared to April 2006, consumer prices increased 8.9 percent, according to the Central Statistical Bureau's data.

Prices for goods grew 7.5 percent in April, and prices for services 12.7 percent.

Compared to this past March, average consumer price level in April rose 0.9 percent. Prices for both goods and services increased 0.9 percent.

Higher prices for vegetables, fuel and catering services, increased water supply tariffs had the greatest effect on consumer price changes in April.

As reported, last year consumer prices in Latvia grew 6.8 percent: prices for services increased 6.4 percent and prices for goods grew 7.9 percent. Inflation in 2005 totaled 7 percent.

Žanete Hāka LETA

more news: http://www.latviatravel.info/news/