Deflation hits 4.2%

RIGA — Latvia’s deflation reached 4.2 percent in February compared with the same month last year, the national statistics agency announced Monday, its steepest annual fall since data were first recorded in the 1990s. By contrast, annual deflation was 3.1 percent in January.

Prices for goods fell 3.9 percent from February to February, Latvia Statistics said, while those for services were down 4.8 percent.

Even though average annual inflation continues to be

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