Latvia Inflation October 2019


Latvia: Inflation falls to 17-month low in October

November 8, 2019

Consumer prices rose 0.4% from the previous month in October, accelerating slightly from September’s 0.1% month-on-month uptick. A breakdown of the sub-components showed that7 of the total 12 sub-components saw an increase in prices, led by clothing and footwear, and food, which more than offset lower prices for miscellaneous goods.

Meanwhile, inflation fell to 17-month low of 2.3% in October, from 2.6% in September. In turn, annual average inflation edged down to 2.9% in October, from 3.0% in October.

FocusEconomics panelists see harmonized inflation averaging 2.4% in 2020, which is up 0.1 percentage points from the previous month’s forecast, and 2.3% in 2021.

Author:, Economist

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Latvia Inflation Chart

Latvia Inflation October 2019

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

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