Latvia: Growth of food prices to continue falling: experts

Experts expect the growth of food prices in Latvia to continue falling, LETA reports. Noris Kruzitis, head of the Latvian Food Retailers Association (LPTA), projected that the growth of food prices would continue to slow down by 3-4 percentage points in the coming months. Inguna Gulbe, head of the Agricultural Market Promotion Centre (LTVC), said that while food prices are coming down, prices cannot decline to as low as they were previously. Many cost components have increased and will not decrease again, she pointed out. Also, Guntis Gutmanis, board chairman of the Latvian Agricultural Organisation Cooperation Council (LOSP), stressed the impact of global factors on food prices.