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Latvia Inflation February 2021

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

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.

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