Latvia Inflation


Latvia: Inflation rises to 20-month high in August

September 8, 2014

In August, consumer prices fell 0.7% over the previous month. The reading followed the 0.4% decrease observed in July and mainly reflected lower prices for food and transport as well as for clothing and footwear.

Annual headline inflation rose from 0.7% in July to 0.9% in August, which marked the highest rate since December 2012. Meanwhile, annual HICP inflation edged down from 0.8% in June to 0.6% in July, which is the last month for which data are available. Annual average HICP inflation inched up from 0.2% in June to 0.3% in July.

The Central Bank expects HICP inflation to average 1.1% in 2014 (previous estimate: 1.7%). FocusEconomics Consensus Forecast panelists expect HICP inflation to average 1.2% in 2014, which is down 0.1 percentage points from last month’s projection. For 2015, the panel expects it to average 2.2%.

Author:, Senior Economist

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Latvia Inflation Chart

Latvia Inflation August 2014

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

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