Latvia: Inflation inches down in March

Consumer prices rose 1.1% from the previous month in March, accelerating sharply from February’s 0.1% increase. According to Latvia’s Central Statistical Bureau, the reading largely reflected higher prices for clothing and footwear, and food more than offsetting lower prices for furnishings and miscellaneous goods.

Inflation inched down from 2.9% in February to 2.8% in March. Meanwhile, annual average inflation rose slightly to 2.8% in March from 2.7% in February. Lastly, harmonized inflation ticked down to 2.7% in March from 2.8% in the previous month.

Latvia Inflation Forecast

FocusEconomics panelists see harmonized inflation averaging 2.5% in 2019, unchanged from the previous month’s forecast, and 2.4% in 2020.