In June, consumer prices rose 0.3% over the previous month, which was below the 0.4% increase observed in May. The monthly rise reflected higher prices for alcoholic beverages, as well as for furnishing and household equipment, which were partially offset by declining prices for food. A year-on-year comparison shows that consumer prices edged down to 4.8% in June from 5.0% the previous month, which had marked the highest inflation rate in two years. The reading also fell short of market expectations that inflation would remain steady at 5.0%. That said, HICP inflation (based on the harmonized index of consumer prices) edged down from 4.8% in May to 4.7% in June. The increase drove annual average HICP inflation to 2.4%. In its April macroeconomic development report, the Central Bank expects HICP inflation to average 2.7% this year.
Inflation moderates in June after reaching two-year high
July 8, 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.