Latvia Inflation December 2019


Latvia: Inflation rises in December

January 10, 2020

Consumer prices fell 0.2% from the previous month in December, following November’s 0.3% decrease. A breakdown of the sub-components showed the result chiefly reflected lower prices for clothing and footwear, furnishings, and miscellaneous goods and services, which more than offset higher prices for transport and food.

Inflation rose to 2.3% in December, from a 19-month low of 2.1% in November. Meanwhile, annual average inflation remained stable at November’s 2.8% in the final month of 2019. Lastly, harmonized inflation edged up to 2.1% in December, from 2.0% in November.

FocusEconomics panelists see harmonized inflation averaging 2.3% in 2020, which is unchanged from the previous month’s forecast, and 2.3% again in 2021.

Author:, Economist

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Latvia Inflation Chart

Latvia Inflation December 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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