拉脱维亚10年期国债 (Latvia10Y) 加自选

继上个月下降0.9%之后，拉脱维亚的零售额在2025年3月同比下降0.7%。这主要是由于非食品产品销售的反弹（2月份为2.7%对-0.1%）。然而，食品销售额的下降加剧（-5.5%对-4.2%），汽车燃料销售额的下降也加剧（-0.5%对4.4%）。按月度计算，2025年3月零售额下降了0.2%，较2月的1%有所缓解。

Retail sales in Latvia fell by 0.7% year-on-year in March 2025, following a 0.9% decline in the previous month. This was mainly driven by a rebound in non-food product sales (2.7% vs -0.1% in February). However, the decline in food product sales deepened (-5.5% vs -4.2%), as did the drop in automotive fuel sales (-0.5% vs 4.4%). On a monthly basis, retail sales fell by 0.2% in March 2025, easing from a 1% fall in February.

拉脱维亚生产者价格指数从近两年的高点降至2025年3月的2.1%，上个月上调3.7%。制造业（1.2%对2月份的1.6%）和电力、天然气、蒸汽和空调供应（2.8%对10.1%）的价格增长速度较慢。与此同时，采矿和采石（7.8%对6.3%）以及供水、排污、废物管理和修复活动（10.4%对8.3%）的成本加快。按月度计算，2025年3月生产者价格指数从上个月上调的3.3%下跌1.9%，这是自2024年9月以来的首次生产者通货紧缩。

Producer prices in Latvia eased to 2.1% year-on-year in March 2025 from a near two-year high and upwardly revised 3.7% gain in the previous month. Prices increased at a softer pace for manufacturing (1.2% vs 1.6% in February) and electricity, gas, steam and air-conditioning supply (2.8% vs 10.1%). Meanwhile, costs accelerated for mining and quarrying (7.8% vs 6.3%) and water supply, sewerage, waste management and remediation activities (10.4% vs 8.3%). On a monthly basis, producer prices slipped 1.9% in March 2025, from an upwardly revised 3.3% increase in the previous month, marking the first producer deflation since September 2024.

拉脱维亚的经常账户在2025年2月实现了6700万欧元的盈余，扭转了前一年同月2300万欧元的赤字。这标志着连续第四个月出现盈余，服务账户盈余从一年前的1.33亿欧元扩大到1.74亿欧元。此外，初级收入账户录得3800万欧元的盈余，弥补了5900万欧元的缺口。另一方面，商品账户缺口从1.55亿欧元增加到1.87亿欧元，而次级收入盈余从2800万欧元缩小到4300万欧元。

Latvia’s current account posted a surplus of EUR 67 million in February 2025, reversing from a deficit of EUR 23 million in the same month of the previous year. This marked the fourth consecutive month of surplus, as the services account surplus widened to EUR 174 million from EUR 133 million a year earlier. Additionally, the primary income account recorded a surplus of EUR 38 million, shifting from a EUR 59 million gap. On the other hand, the goods account shortfall increased to EUR 187 million from EUR 155 million, while the secondary income surplus narrowed to EUR 43 million from EUR 28 million.

拉脱维亚的年通货膨胀率从2月份的18个月高点3.7%降至2025年3月的3.3%。经济放缓的主要原因是住房和公用事业（1.2%对2月份的1.5%）以及家具、家用设备和日常维护（1.8%对2.4%）的通胀率下降。运输成本在上月持平后也下降了2.1%。另一方面，食品和非酒精饮料的通货膨胀率上升（6.4%对5.7%），酒精饮料和烟草制品的通货膨胀率也上升（9.8%对8.4%）。在2月份上涨0.8%之后，每月消费者价格上涨0.9%，为2024年3月以来的最大涨幅。

The annual inflation rate in Latvia eased to 3.3% in March 2025 from an 18-month high of 3.7% in February. The slowdown was mainly driven by lower inflation in housing and utilities (1.2% vs 1.5% in February), and furnishings, household equipment, and routine maintenance (1.8% vs 2.4%). Transport costs also declined by 2.1% after remaining flat in the previous month. On the other hand, inflation picked up for food and non-alcoholic beverages (6.4% vs 5.7%), as well as for alcoholic beverages and tobacco products (9.8% vs 8.4%). On a monthly basis, consumer prices rose by 0.9%, the largest increase since March 2024, following a 0.8% rise in February.