In September, consumer prices added 0.4% over the previous month, which contrasted the 0.3% drop registered in August. According to the Statistics Office, higher prices for clothing and footwear, as well as for alcoholic beverages and tobacco, were the main drivers behind the monthly jump. Despite the monthly rise, annual headline inflation edged down from 4.7% in August to 4.6% in September. Meanwhile, HICP inflation (based on the harmonized index of consumer prices) inched down from 4.6% in August to 4.5% in September, which drove annual average HICP inflation to 3.6%. In its July macroeconomic development report, the Central Bank expects HICP inflation to average 4.7% this year, which was revised up from its previous 2.7% estimate.
Inflation slows in September
October 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.