Latvia Inflation October 2020


Latvia: Consumer prices continue to drop annually in October

November 9, 2020

Consumer prices were unchanged over the previous month in October, following September’s 0.09% uptick. October’s result primarily reflected lower prices for transport and food offsetting a sharp increase in prices for clothing and footwear.

Consumer prices declined 0.7% year-on-year in October, a shaper drop than September’s 0.3% dip. Meanwhile, annual average inflation came in at 0.7%, down from 0.9% in September. Lastly, harmonized consumer prices dropped 0.7% year-on-year in October, after they fell 0.4% in the prior month.

FocusEconomics panelists see harmonized inflation averaging 1.6% in 2021, which is down 0.1 percentage points from the previous month’s forecast, and 2.3% in 2022.


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Latvia Inflation Chart

Latvia Inflation October 20 20

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Central Statistics Bureau and FocusEconomics Consensus Forecast.

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