In January, consumer prices jumped 0.8% over the previous month, which contrasted the flat figure recorded in December. The monthly jump was mainly the result of rising prices for housing, water, electricity and gas as well as for food and non-alcoholic beverages. Despite the monthly increase, annual inflation fell from 4.0% in December to 3.6% in January, which represents the lowest level observed since December 2010. Meanwhile, annual average HICP inflation (based on the harmonized index of consumer prices) closed 2011 at 4.2%. As outlined in its January Macroeconomic Developments report, the Central Bank expects HICP inflation to average 2.4% this year, which is slightly down from its previous 2.8% estimate.
Inflation falls to lowest level in over one year
February 8, 2012
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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.