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Latvia Inflation January 2021

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

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.

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