Latvia Inflation February 2021

Latvia

Latvia: Consumer prices fall in annual terms for seventh consecutive month in February

March 8, 2021

Consumer prices rose 0.46% on a monthly basis in February, following the previous month’s 0.37% increase and recording the highest rise since April 2019. February’s faster growth largely reflected an acceleration in prices for food and transport.

Consumer prices fell 0.2% year-on-year in February, moderating from January’s 0.5% drop but nevertheless marking the seventh successive decline in prices. Meanwhile, annual average consumer prices fell 0.2% in February, down from January’s flat reading. Lastly, harmonized consumer prices slid 0.2% on an annual basis, easing from the previous month’s 0.5% decrease.

FocusEconomics panelists see harmonized inflation averaging 1.3% in 2021, which is down 0.1 percentage points from the previous month’s forecast, and 2.0% in 2022.


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Latvia Inflation February 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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