Latvia: Inflation comes in at highest level in over 12 years in October
November 9, 2021
Consumer prices increased 1.14% in October over the previous month, accelerating from the 1.06% increase seen in September. October's result was the highest reading since March 2018. Looking at the details of the release, prices for transportation and beverages rebounded firmly, while prices for entertainment rose at a swifter pace.
Inflation rose to 6.0% in October from September’s 4.8%. October's result represented the highest inflation rate in over 12 years. Meanwhile, the trend pointed up, with annual average inflation coming in at 1.9% in October (September: 1.4%). Lastly harmonized inflation came in at 6.0% in October, following the 4.7% figure logged in the prior month and similarly marked the highest result since March 2009.