Latvia Inflation July 2019


Latvia: Inflation ticks down in July

August 12, 2019

Consumer prices fell 1.0% in July from the previous month in July, contrasting June’s 0.4% increase and marking the strongest monthly contraction since July 2015.

According to a breakdown of the sub-components provided by Latvia’s Central Statistical Bureau, 5 of the total 12 saw a fall in prices, led by clothing and footwear, food, and miscellaneous goods and services which more than offset higher prices for recreation and culture, alcohol and tobacco, and health.

Inflation moderated from 3.0% in June to 2.9% in July. Meanwhile, annual average inflation remained stable at May’s near seven-year high of 3.0% in July. Similarly, harmonized inflation edged down from 3.1% in June to 3.0% in July.

FocusEconomics panelists see harmonized inflation averaging 2.7% 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 july 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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