Latvia Inflation April 2021

Latvia

Latvia: Inflation hits 25-month high in April

May 10, 2021

Consumer prices rose 0.91% over the previous month in April, quickening from March’s 0.73% increase and marking the fastest rise in over two years. April’s result was largely due to quicker price growth for food and housing.

Inflation rose to 1.7% year-on-year in April, quickening from March’s 0.3% and marking the highest reading in over a year. Meanwhile, the annual average variation of consumer prices came in at minus 0.2%, up slightly from minus 0.3% in the previous month. Lastly, harmonized consumer prices increased 1.7% on an annual basis, after they dropped 0.3% in March.

FocusEconomics panelists see harmonized inflation averaging 1.5% in 2021, which is up 0.2 percentage points from the previous month’s forecast, and 2.1% in 2022.


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Latvia Inflation April 2021

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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