Latvia Inflation


Latvia: Inflation accelerates slightly in April

May 12, 2015

In April, consumer prices rose 0.6% over the previous month. The result was below the 0.8% rise tallied in March. April’s fall was mainly the result of a decrease in prices of furnishings and a stagnation in prices for housing, communication and education, which were partly offset by a sharp increase in prices of clothing and footwear.

Inflation inched up from 0.4% in March to 0.5% in April and marked a five-month high. Meanwhile, annual HICP consumer prices—based on the harmonized index of consumer prices— rose from 0.5% in March to 0.6% in April. Annual average HICP inflation remained unchanged yet again in April at the 0.6% that was recorded in January, February and March.

The Central Bank expects HICP inflation to average 1.4% in 2015. FocusEconomics Consensus Forecast panelists expect HICP inflation to average 0.4% in 2015, which is down 0.1 percentage points 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 April 2015 0

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

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