Inflation in Latvia

Latvia Harmonized Inflation | Economic News & Forecasts

Latvia - Harmonized Inflation

Consumer prices fall annually again in November

Consumer prices declined 0.28% over the previous month in November, following October’s flat reading. November’s result mainly reflected lower prices for clothing and footwear, transport, and recreation and culture.

Consumer prices dropped 0.7% year-on-year in November, matching October’s fall. Meanwhile, annual average inflation came in at 0.4%, down from 0.7% in October. Lastly, harmonized consumer prices slid 0.6% year-on-year in November, after declining 0.7% in the prior month.

FocusEconomics panelists see harmonized inflation averaging 1.5% in 2021, which is down 0.1 percentage points from the previous month’s forecast, and 2.2% in 2022.

Latvia - Harmonized Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (HICP, annual variation in %)0.2  0.1  2.9  2.6  2.8  

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Latvia Harmonized Inflation Chart


Latvia Inflation
Note: Annual variation of harmonized index of consumer prices (HICP) in %.
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.

Latvia Facts

Value Change Date
Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Dec 31

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