In April, consumer prices jumped 1.1% over the previous month, which was above the 0.7% increase observed in March. The monthly price spike mainly reflected higher prices for clothing and footwear as well as for food and non-alcoholic beverages. Owing to the monthly jump, annual headline inflation rose from 4.2% in March to 4.5% in April, overshooting market expectations, which had anticipated that inflation would moderate to 4.0%. The March result represented the highest rate of inflation since May 2009. Meanwhile, HICP inflation (based on the harmonized index of consumer prices) rose from 4.1% in March to 4.3% in April. The increase drove annual average HICP inflation to 1.3%, which represented the second consecutive positive reading, following ten straight months with annual average inflation mired in negative territory. In its April macroeconomic development report, the Central Bank expects HICP inflation to average 2.7% this year.
Inflation jumps to two-year high
May 10, 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.