Latvia Inflation August 2020

Latvia

Latvia: Consumer prices drop in August

September 8, 2020

Consumer prices declined 0.55% in August over the previous month, contrasting July’s 0.28% rise. August’s reading marked the first drop in prices in three months. The downturn was largely driven by falling prices for food and non-alcoholic beverages, housing and transport.

Consumer prices declined 0.3% year-on-year in August, contrasting July’s 0.5% increase. Meanwhile, the trend pointed down further, with annual average inflation coming in at 1.1% in August (July: 1.4%).

FocusEconomics panelists see harmonized inflation averaging 0.6% in 2020, which is up 0.2 percentage points from the previous month’s forecast, and 1.7% in 2021.


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Latvia Inflation August 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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