In November, consumer prices rose 0.2% over the previous month, half the price increase observed in October. The reading mainly reflected higher prices for food and non-alcoholic beverages (+1.2% month-on-month), which were partially offset by lower prices for clothing and footwear (-0.7% mom). Annual headline inflation jumped from 1.0% in October to 1.9% in November, which represented the highest level since July 2009. After 11 consecutive months of deflation, the economy returned to inflation in September. Annual average harmonised inflation rose from minus 1.9% in September to minus 1.8% in October (the last month for which data are available). In its September macroeconomic development report, the Central Bank expects harmonised inflation to average minus 1.6% in 2010 and minus 0.6% in 2011.
Inflation jumps to 16-month high
December 8, 2010
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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.