Latvia Inflation January 2021

Latvia

Latvia: Consumer prices fall annually for sixth consecutive month in January

February 10, 2021

Consumer prices rose 0.37% over the previous month in January, after remaining unchanged in December 2020. January’s result primarily reflected the rebound in prices for food and alcoholic beverages.

Consumer prices dropped 0.5% year-on-year in January, matching December’s fall and marking the sixth successive decline in prices. Meanwhile, annual average inflation came in flat, down from 0.2% in December. Lastly, harmonized consumer prices slid 0.5% on an annual basis in January, matching the previous month’s drop.

FocusEconomics panelists see harmonized inflation averaging 1.4% in 2021, which is down 0.1 percentage points from the previous month’s forecast, and 2.1% in 2022.


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Latvia Inflation January 2021

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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