Latvia Inflation March 2020


Latvia: Inflation dives to over three-year low in March

April 8, 2020

Consumer edged up 0.3% from the previous month in March, accelerating slightly from February’s 0.1 increase. A breakdown of the sub-components showed the overall result largely reflected markedly higher prices for clothing and footwear which more than offset lower prices for transport.

Inflation fell to 1.4% in March, from 2.3% in February, marking the lowest reading since November 2016. Meanwhile, annual average inflation ticked down to 2.6% in March from 2.7% in February.

FocusEconomics panelists see harmonized inflation averaging 1.7% in 2020, which is down 0.5 percentage points from the previous month’s forecast, and 2.3% in 2021.

Author:, Economist

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Latvia Inflation Chart

Latvia Inflation March 20 20

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

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