Latvia Inflation September 2020

Latvia

Latvia: Consumer prices drop year-on-year again in September

October 8, 2020

Consumer prices ticked up 0.09% in September, rebounding from August’s 0.55% drop. September’s increase largely reflected higher prices for clothing and footwear, as well as increasing costs for education, and recreation and culture.

Consumer prices declined 0.3% year-on-year in September, falling at a faster pace than August’s 0.2% drop. Meanwhile, annual average inflation came in at 0.9% in September (August: 1.1%). Lastly, harmonized consumer prices dropped 0.4% year-on-year in September (August: -0.5% yoy).

FocusEconomics panelists see harmonized inflation averaging 0.5% in 2020, which is from the previous month’s forecast, and 1.7% in 2021.


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Latvia Inflation September 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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