Latvia: Inflation stable in April
May 10, 2017
In April, consumer prices increased 0.4% from the previous month, which came in below March’s 0.9% increase. According to the Central Statistical Bureau, April’s figure stemmed mainly from higher prices for food and for goods and services related to housing.
In April, inflation came in at March’s 3.4%, which was the highest rate since April 2012. Due to the rise, the annual average variation in consumer prices increased from March’s 1.1% to 1.4% in April.
Harmonized consumer prices—derived from the Harmonized Index of Consumer Prices (HICP)—increased 0.4% month-on-month in April, which was below the 0.9% rise recorded in March. Meanwhile, HICP inflation in April mirrored March’s 3.3% reading. The annual average variation in HICP inflation rose from 1.0% in March to 1.3% in April.
Author: Luis Lopez Vivas, Economist