Latvia Inflation July 2018

Latvia

Latvia: Inflation ticks down in July

August 10, 2018

Consumer prices fell 0.8% over the previous month in July, swinging from June’s 0.7% increase. The print marked the strongest month-on-month contraction in prices in over three years. According to Latvia’s Central Statistical Bureau, prices for 5 of the 12 components of the index fell from the previous month. Lower prices for clothing and footwear, as well as for food, drove the result, offsetting higher prices for housing, and recreation and culture.

Inflation moderated to 2.6% in July, from 2.8% in June. Meanwhile, annual average inflation remained unchanged for the fourth consecutive month and stood at 2.5% in July.

Harmonized consumer prices fell 0.8% month-on-month in July, contrasting the previous month’s 0.7% increase. Meanwhile, harmonized inflation came in at 2.7% in July, unchanged from June’s result. Finally, annual average harmonized inflation remained stable in July at 2.5%.

FocusEconomics panelists see harmonized inflation averaging 2.7% in 2018, which is up 0.1 percentage points from the previous month’s forecast, and 2.6% in 2019.


Author:, Economist

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Latvia Inflation Chart


Latvia Inflation July 2018

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


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