In February, consumer prices added 0.3% over the previous month, which was well below the 1.3% price increase observed in January. The reading reflected higher prices for food and beverages, which was offset by lower prices for clothing and footwear, due to discounts in seasonal sales. As a result of the monthly increase, annual headline inflation rose from 3.7% in January to 4.0% in February, which represented the highest rate since May 2009. Meanwhile, HICP inflation (based on the harmonized index of consumer prices) rose from 2.4% in December to 3.5% in January, driving annual average HICP inflation to minus 0.7% (the last month for which data are available). 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
March 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.