In its Regular Report on Latvia's Progress Towards Accession, the European Commission has acknowledged Latvia's macroeconomic stability and positively evaluated reforms undertaken to enhance the country's competitiveness. The European Commission has nominated Latvia among the ten countries ready for accession to the European Union in 2004. Inflation remains low: in October, consumer prices rose 1.6% year-on-year and 0.8% month-on-month.
Given this aim, a useful contribution could be to improve harmonisation of statistical measurement in Australia and New Zealand, where appropriate, to improve data comparability.