In May, consumer prices added 0.4% over the previous month, which was well below the 1.1% increase tallied in April. The monthly rise mainly reflected higher prices for food and non-alcoholic beverages, which were partially offset by lower prices for health and transport. Despite the subdued reading, annual headline inflation rose from 4.5% in April to 5.0% in May, which represented the highest level since April 2009 but, nevertheless, undershot market expectations of a 5.2% rise. HICP inflation (based on the harmonized index of consumer prices) followed suit and rose from 4.3% in April to 4.8% in May. The increase drove annual average HICP inflation to 1.9%. In its April macroeconomic development report, the Central Bank expects HICP inflation to average 2.7% this year.
Inflation jumps to highest level in more than two years
June 8, 2011
Looking for forecasts related to Inflation in Latvia? Download a sample report now.
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.