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Latvia Inflation September 2023

Latvia: Harmonized inflation falls to lowest level since July 2021 in September

Harmonized inflation came in at 3.6% in September, which was down from August’s 5.6%. September’s figure represented the lowest inflation rate since July 2021. Looking at the details of the release, prices for food and non-alcoholic beverages rose at a weaker pace in September. In contrast, prices for transportation fell at a more moderate rate.

Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 14.0% in September (August: 15.6%). Meanwhile, consumer price inflation fell to 3.4% in September, from August’s 5.3%.

Finally, harmonized consumer prices dropped 0.50% from the previous month in September, a less pronounced fall than August’s 0.54% drop.

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