In May, consumer prices fell 0.1% over the previous month, which contrasted the 0.5% increase registered in April. The increase stemmed from lower prices for food, furnishing and recreation and culture.Annual headline inflation fell from 0.8% in April to 0.6% in May. April’s inflation figure had marked the highest level that has been recorded since December 2012. Annual HICP inflation stabilized at April’s 0.8% in May. Annual average HICP inflation inched up from 0.1% in April to 0.2% in May. The Central Bank expects HICP inflation to average 1.7% in 2014. FocusEconomics Consensus Forecast panelists expect HICP inflation to average 1.3% in 2014, which is down 0.1 percentage points from last month’s projection. For 2015, the panel expects HICP inflation to average 2.2%.
Inflation moderates in May
June 9, 2014
Looking for forecasts related to Inflation in Latvia? Download a sample report now.
Latvia Inflation Chart
Note: Month-on-month changes and annual variation of consumer price index (CPI) in %.
Source: Central Statistics Bureau.
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.