Latvia Inflation November 2020


Latvia: Consumer prices fall annually again in November

December 8, 2020

Consumer prices declined 0.28% over the previous month in November, following October’s flat reading. November’s result mainly reflected lower prices for clothing and footwear, transport, and recreation and culture.

Consumer prices dropped 0.7% year-on-year in November, matching October’s fall. Meanwhile, annual average inflation came in at 0.4%, down from 0.7% in October. Lastly, harmonized consumer prices slid 0.6% year-on-year in November, after declining 0.7% in the prior month.

FocusEconomics panelists see harmonized inflation averaging 1.5% in 2021, which is down 0.1 percentage points from the previous month’s forecast, and 2.2% in 2022.


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Latvia Inflation Chart

Latvia Inflation November 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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