In July, consumer prices fell 0.3% over the previous month, which reversed the 0.3% increase tallied in June. The reading represented the first decline in consumer prices since August 2010 and reflected lower prices for food and non-alcoholic beverages (-0.9% month-on-month), as well as for clothing and footwear (-6.3% mom). As a result of the monthly fall, annual headline inflation edged down from 4.8% in June to 4.3% in July, which represented the lowest level since March. Meanwhile, HICP inflation (based on the harmonized index of consumer prices) fell from 4.7% in June to 4.2% in July, which drove annual average HICP inflation to 2.9%. In its July macroeconomic development report, the Central Bank expects HICP inflation to average 4.7% this year, which was revised from its previous 2.7% estimate.
Inflation eases to 4-month low
August 8, 2011
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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.