Harmonized inflation eased to 20.1% in February from January’s 21.4% on softer price growth for food and transport. Our panel foresees the disinflationary trend continuing, with the headline rate set to nearly halve this year from 2022 on waning demand, weaker commodity prices and higher interest rates. However, inflation will remain well above the ECB’s 2.0% target.
Latvia Exchange Rate (USD per EUR, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Exchange Rate (USD per EUR, eop) | 1.20 | 1.14 | 1.12 | 1.22 | 1.14 |