In March, consumer prices rose 0.7% over the previous month, which was more than double the 0.3% increase tallied in February. The monthly rise reflected higher prices for clothing and footwear, as well as for transport, amidst escalating fuel prices. Owing to the monthly price spike, annual headline inflation rose from 4.0% in February to 4.2% in March, which represented the highest inflation rate since May 2009. That said, HICP inflation (based on the harmonized index of consumer prices) rose from 3.8% in February to 4.1% in March, pushing annual average HICP inflation to 0.7%, which marked the first positive reading after ten consecutive months of annual average inflation mired in negative territory. In its January macroeconomic development report, the Central Bank expects HICP inflation to average 2.4% this year.
Inflation rises to highest level in almost two years
April 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.