In February, consumer prices were unchanged over the previous month, which was below the 0.7% increase observed in January. The reading reflected that lower prices for clothing and footwear offset higher prices for alcohol and tobacco. Annual inflation inched up from 0.4% in January to 0.5% in February, which marked the highest rate since January 2013. Harmonized consumer prices rose 0.5% over the same month last year in January (December: -0.4% year-on-year), the last month for which data are available. Annual average HICP inflation remained flat in January (December: +0.0% yoy). The Central Bank expects HICP inflation to average 1.7% in 2014. FocusEconomics Consensus Forecast panelists expect HICP inflation to average 1.5% in 2014, which is down 0.2 percentage points from last month's projection. For 2015, the panel expects HICP inflation to average 2.3%.
Inflation edges up in February
March 10, 2014
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Latvia Inflation Chart
Note: Month-on-month and year-on-year variation of consumer price index in %.
Source: Central Statistics Bureau and FocusEconomics calculations.
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.