Warsaw and Vilnius fear Moscow will use the pipeline as a geopolitical tool against the region, Ukraine in particular.
The slightly slower price growth appears in line with analysts’ prediction for a gradual easing of inflation towards the end of the year.
Inflation has now persisted in y/y terms for 35 months straight, and all segments recorded annual price growth in August.
CPI expansion was driven by fast-growing prices in the food and non-alcoholic beverages segment, which contributed 40% of the overall increase.
The reading marks a return to falling output after two months of growth offered hope for more sustained performance of the Latvian industry after erratic 2018 and early 2019.
The decline follows a fall of 3.8% y/y the preceding month, pointing to a slowdown in economic growth in 2019.
The economic expansion in the second quarter arrived on the back of investment growing 24.6% y/y, 4.2pp above the annual rate of investment growth in the previous three months.
The slowdown is in line with forecasts of deceleration in 2019, as investment growth is set to weaken and trade conditions are deteriorating.
An improving labour market and growing incomes remain drivers of retail turnover in Lithuania.
Despite the recent consumer boom, all but one of the eastern EU members produces less waste than any western member, a new study from Eurostat shows.
Lithuania performed especially well on cybersecurity, though it was only ranked in 23rd place overall on the index from Surfshark. In general, the CEE economies ranked were clustered around the middle of the index.
Uber-rival Bolt to launch initially in Tallinn but plans international expansion in 2019 and 2020 as it targets the already crowded food delivery market.