In July, consumer prices fell 0.5% over the previous month, which followed the 0.1% drop observed in in June. The monthly declined reflected lower prices for clothing and footwear as well as for transport and communications. As a result of the monthly fall, annual headline inflation fell from 1.9% in June to 1.7% in July, which represents the lowest level since October 2010. Meanwhile, HICP inflation (based on the harmonized index of consumer prices) dropped from 2.1% in June to 1.9% in July. Consequently, annual average HICP inflation dropped from 3.5% in June to 3.3% in July.
Inflation falls to lowest level in almost two years
August 8, 2012
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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.