Latvia Inflation August 2021

Latvia

Latvia: Inflation comes in at highest level since December 2011 in August

September 22, 2021

Consumer prices rose 0.36% over the previous month in August, unchanged for the third straight month. Looking at the details of the release, quicker price growth for recreation and culture were offset by falling prices for food and non-alcoholic beverages.



Meanwhile, inflation rose to 3.8% in August, following July’s 2.8%. August's reading was the highest inflation rate since December 2011. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.9% in August (July: 0.6%). Lastly harmonized inflation came in at 3.6% in the same month, accelerating from July’s 2.8% reading.

FocusEconomics panelists see harmonized inflation averaging 1.9% in 2021, which is unchanged from the previous month’s forecast, and 2.2% in 2022.


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Latvia Inflation August 2021 0

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Central Statistics Bureau and FocusEconomics Consensus Forecast.


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