Latvia Inflation September 2018

Latvia

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:, Economist

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Latvia Inflation Chart


Latvia Inflation September 2018 0

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


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