In December, consumer prices rose 0.1% over the previous month, which was half the price increase observed in November. The increase mainly reflected higher prices for food and non-alcoholic beverages (+1.4% month-on-month), which were partially offset by falling prices for clothing and footwear (-2.3% mom). As a result of the monthly increase, annual headline inflation jumped to 2.5% in December, up from 1.9% in November. After 11 consecutive months of deflation, the economy returned to inflation in September and finished the year recording the highest price increase since July 2009. Meanwhile, annual average harmonised inflation rose from minus 1.5% in November to minus 1.2% in December. In its September macroeconomic development report, the Central Bank expects harmonised inflation to average minus 1.6% in 2010 and minus 0.6% in 2011.
Inflation closes 2010 at 18-month high
January 7, 2011
Looking for forecasts related to Inflation in Latvia? Download a sample report now.
Latvia Economic News
October 10, 2016
In September, consumer prices increased 0.4% from the previous month, which contrasted August’s 0.6% decrease.
October 4, 2016
Industrial production in Latvia contracted 0.6% year-on-year in August, which contrasted the 2.6% increase in July.
September 8, 2016
In August, consumer prices fell 0.6% over the previous month and came in below July’s 0.3% decrease.
September 5, 2016
Industrial production in Latvia grew 2.7% year-on-year in July, which was down from 7.9% increase in June.
August 31, 2016
In the second quarter, Latvia’s economy increased 2.1% year-on-year, according to a revised set of data released by the Statistical Institute on 31 August.