In October, consumer prices rose 0.2% over the previous month, which represented half the 0.4% increase recorded in September as well as the 0.4% rise observed in the same month last year. The main drivers behind the monthly rise were higher prices for food and beverages, as well as for clothing and footwear, which were offset by lower prices for alcoholic beverages and housing. As a result of the subdued monthly reading, annual headline inflation fell from 4.6% in September to 4.4% in October, which represented the second consecutive month that inflation eased. Meanwhile, HICP inflation (based on the harmonized index of consumer prices) dropped from 4.5% in September to 4.3% in October, which drove annual average HICP inflation to 3.9%. The Central Bank expects HICP inflation to average 4.7% this year.
Inflation falls in October
November 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.