Latvia Inflation September 2019


Latvia: Inflation falls to nine-month low in September

October 9, 2019

Consumer prices ticked up 0.1% from the previous month in September, down slightly from August’s 0.2% drop. According to a breakdown of the sub-components provided by Latvia’s Central Statistical Bureau, 6 of the total 12 sub-components saw an increase in prices, led by clothing and footwear, and miscellaneous goods and services, which more than offset lower prices for food as well as for alcohol and tobacco.

Inflation fell to nine-month low 2.6% in September, from 3.2% in August. Meanwhile, annual average inflation remained stable at May’s near seven-year high of 3.0% in August.

FocusEconomics panelists see harmonized inflation averaging 2.9% in 2019, which is up 0.1 percentage points from the previous month’s forecast, and 2.3% in 2020, which is down 0.2 percentage points from previous month’s projection.

Author:, Economist

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