Latvia Inflation September 2021

Latvia

Latvia: Inflation comes in at highest level since June 2011 in September

October 8, 2021

Consumer prices rose 1.06% over the previous month in September, picking up from the 0.36% increase seen in August. September's result was the sharpest increase in prices since March 2019. The reading was largely driven by rebounding prices for food and non-alcoholic beverages, as well as quicker price growth for housing and utilities.



Inflation increased to 4.8% in September, above August’s 3.8%. September's reading was the highest inflation rate since June 2011. Meanwhile, the trend pointed up, with annual average inflation coming in at 1.4% in September (August: 0.9%). Lastly harmonized inflation came in at 4.7% in the same month, accelerating from August’s 3.6% reading.

FocusEconomics panelists see harmonized inflation averaging 2.1% in 2022, which is up 0.2 percentage points from last month’s forecast, and 2.4% in 2023.


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Latvia Inflation September 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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