Latvia Inflation February 2019

Latvia

Latvia: Inflation ticks down in February

March 15, 2019

Consumer prices rose 0.1% from the previous month in February, moderating from January’s 0.5% increase. According to Latvia’s Central Statistical Bureau, the reading largely reflected higher prices for recreation and culture, and alcohol and tobacco more than offsetting lower prices for miscellaneous goods and housing.

Inflation inched down from 3.0% in January to 2.9% in February. Meanwhile, annual average inflation rose slightly to 2.7% in February, from 2.6% in January, marking a 12-month high. Lastly, harmonized inflation ticked down to 2.8% in February, from 2.9% in the previous month.

FocusEconomics panelists see harmonized inflation averaging 2.6% in 2019, unchanged from the previous month’s forecast, and 2.4% in 2020.


Author:, Economist

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Latvia Inflation Chart


Latvia Inflation February 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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