Latvia Inflation January 2019

Latvia

Latvia: Inflation increases in January

February 20, 2019

Consumer prices rose 0.5% from the previous month in January, following December’s 0.4% dip. According to Latvia’s Central Statistical Bureau, the reading largely reflected higher prices for food and housing which more than offset lower prices for clothing and footwear, and transport.

Inflation rose from a five-month low of 2.6% in December to 3.0% in January. Meanwhile, annual average inflation ticked up to 2.6% in January, from 2.5% in the previous month. Lastly, harmonized inflation rose from 2.6% in December to 2.9% in January.

FocusEconomics panelists see harmonized inflation averaging 2.6% in 2019, unchanged from the previous month’s forecast, and 2.4% in 2020.


Author:, Economist

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Latvia Inflation Chart


Latvia Inflation January 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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