Latvia Inflation May 2018


Latvia: Inflation picks up in May

June 8, 2018

Consumer prices increased 0.3% from the previous month in May, accelerating marginally from April’s 0.2% increase. According to Latvia’s Central Statistical Bureau, prices for 10 of the 12 components of the index rose over the previous month. Higher prices for communication, transport and miscellaneous goods led the overall increase, offsetting decreases in the prices of recreation and culture, and clothing and footwear.

Inflation jumped to a six-month high of 2.3% in May, up from 2.0% in April. Meanwhile, annual average inflation remained stable from a month earlier at 2.5%.

Harmonized consumer prices rose 0.5% month-on-month in May, up from the previous month’s 0.3% increase. Meanwhile, harmonized inflation came in at 2.4% in May, up from 2.1% in April. Finally, annual average harmonized inflation remained stable at April’s 2.5% figure in May.

FocusEconomics Consensus Forecast panelists expect HICP inflation to average 2.6% in 2018, which is down 0.1 percentage points from last month’s projection. For 2019, the panel also expects HICP inflation to average 2.6%.

Author:, Research Team Manager

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Latvia Inflation Chart

Latvia Inflation May 2018

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

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