Latvia: Inflation rises to over year high in September
October 17, 2018
Consumer prices rose 0.6% over the previous month in September, contrasting August’s 0.1% drop. According to Latvia’s Central Statistical Bureau, September’s increase largely reflected higher prices for food, and clothing and footwear.
Inflation climbed from 2.8% in August to 3.2% in September, the highest reading in nearly one year and a half. Meanwhile, annual average inflation ticked up from 2.4% in August to 2.5% in September.
Harmonized consumer prices increased 0.6% over the previous month in September, following the flat reading recorded in August. Meanwhile, harmonized inflation came in at 3.3% in September, up from 2.8% in August. Finally, annual average harmonized inflation inched up from 2.4% to 2.5%.
Latvia Inflation Forecast
FocusEconomics panelists see harmonized inflation averaging 2.5% in 2019, which is up 0.1 percentage points from the previous month’s forecast, and 2.4% in 2020.
Author: Javier Colato, Economist