Latvia Inflation November 2018


Latvia: Inflation edges down in November

December 12, 2018

Consumer prices fell 0.1% from the previous month in November, compared to a 0.7% month-on-month increase in October. According to Latvia’s Central Statistical Bureau, the reading largely reflected lower prices for clothing and footwear, and recreation and culture more than offsetting higher prices for miscellaneous goods.

Inflation edged down to 3.0% in November, from an 18-month high of 3.2% in October. Nevertheless, annual average inflation remained stable for the third consecutive month in November at 2.5%. Meanwhile, harmonized inflation moderated from 3.2% in October to 2.9% in November.

FocusEconomics panelists see harmonized inflation averaging 2.6% in 2019, up 0.1 percentage points from the previous month’s forecast, and 2.5% in 2020.

Author:, Research Team Manager

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Latvia Inflation Chart

Latvia Inflation November 2018

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

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