Latvia Inflation June 2020

Latvia

Latvia: Consumer prices decline again in June

July 13, 2020

Consumer prices rose 0.18% from the last month in June, swinging from May's 0.37% drop. Looking at the details of the release, housing and utilities prices fell at a more moderate pace in June compared to the previous month, while prices pressures for transportation picked up pace. Prices for alcoholic beverages and tobacco goods also fell at a softer pace.

Consumer prices fell 0.7% year-on-year in June, following May’s 0.6% drop. June's figure marked the largest fall in consumer prices since May 2016. In addition, the trend pointed down, with annual average inflation coming in at 1.6% in June (May: 2.0%).

FocusEconomics panelists see harmonized inflation averaging 0.5% in 2020, which is unchanged from the previous month’s forecast, and 1.0% in 2021.


Author:, Economist

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Latvia Inflation June 20 20

Source: Central Statistics Bureau and FocusEconomics Consensus Forecast.


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