Latvia Inflation December 2020


Latvia: Consumer prices drop annually again at end of 2020

January 12, 2021

Consumer prices were flat over the previous month in December, following November’s 0.28% decline. December’s result mainly reflected lower prices for food offsetting higher prices for transport.

Consumer prices dropped 0.5% year-on-year in December, after falling 0.7% in November. Meanwhile, annual average inflation came in at 0.2%, down from 0.4% in November. Lastly, harmonized consumer prices slid 0.5% year-on-year in December, after declining 0.7% in the prior month.

FocusEconomics panelists see harmonized inflation averaging 1.5% in 2021, which is unchanged from the previous month’s forecast, and 2.2% in 2022.


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Latvia Inflation Chart

Latvia Inflation December 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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