Latvia skyline

Latvia Inflation May 2023

Latvia: Harmonized inflation falls to over one-year low in May

Harmonized inflation came in at 12.3% in May, which was down from April’s 15.0%. May’s reading represented the lowest inflation rate since March 2022. Looking at the details of the release, prices for food and non-alcoholic beverages rose at a slower pace in May. Prices for transportation decreased at a faster rate. Meanwhile, housing and utilities prices rose at a softer pace.

Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 19.4% in May (April: 19.8%). Meanwhile, consumer price inflation fell to 12.1% in May, from April’s 15.1%.

Lastly, harmonized consumer prices increased 1.45% from the previous month in May, accelerating from the 0.40% rise logged in April. May’s uptick marked the highest reading since September 2022.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest