Latvia Inflation April 2022

Latvia

Latvia: Inflation comes in at highest level since October 2008 in April

May 6, 2022

Consumer prices rose 2.20% in April over the previous month, slowing down from March's 3.37% rise. The reading was driven by moderating price pressures for transportation and housing and utilities.



Inflation increased to 13.0% in April, following March’s 11.5%. April's figure marked the highest inflation rate since October 2008. Annual average inflation rose to 6.6% in April (March: 5.6%). Lastly, harmonized inflation rose to 13.1% in April, from the previous month's 11.5%.

FocusEconomics panelists see harmonized inflation averaging 9.4% in 2022, which is up 1.6 percentage points from the previous month’s forecast, and 4.0% in 2023.


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Latvia Inflation April 2022 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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