Latvia Inflation


Latvia: Consumer prices rise in March

April 10, 2015

In March, consumer prices rose 0.8% over the previous month. The result was above the 0.3% rise tallied in February and marked the largest increase in over three years. March’s increase was largely the result of higher housing and health costs, which were partly offset by a fall in prices for food and transport.

Consumer prices grew 0.4% over the same month last year, which contrasted the 0.1% drop observed in February. Meanwhile, annual HICP consumer prices—based on the harmonized index of consumer prices— recorded zero growth in February, which is the last month for which data are available. The reading contrasted the 0.3% decrease tallied in January. Annual average HICP inflation remained unchanged at January’s 0.6% in February.

The Central Bank expects HICP inflation to average 1.4% in 2015. FocusEconomics Consensus Forecast panelists expect HICP inflation to average 0.6% in 2015, which is unchanged from last month’s projection. For 2016, the panel expects inflation to average 1.9%.

Author:, Economist

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Latvia Inflation Chart

Latvia Inflation March 2015

Note: Month-on-month changes and annual variation of consumer price index (CPI) in %.
Source: Central Statistics Bureau.

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