The data displays the inflation rate in the EU countries in July 2017. Inflation or currency devaluation (drop in the value of money), is characterized by a steady rise in the prices of finished products (consumer goods, capital goods). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the indexes current level of inflation. In July 2017, the inflation rate in Latvia was at 2.6% compared to the same month of the previous year.
The overall EU GDP (gross domestic product), an important indicator of a country's well-being, amounted to approx.
