Inflation in Latvia
Latvia - Harmonized Inflation
Inflation drops to 19-month low in November
Consumer prices fell 0.3% from the previous month in November, swinging from October’s 0.4% month-on-month increase and marking the first contraction since July. A breakdown of the sub-components showed that 8 of the total 12 sub-components saw a drop in prices, led by lower prices for clothing and footwear, and recreation and culture, which more than offset higher prices for miscellaneous goods.
Meanwhile, inflation continued trending down in the month dropping to a 19-month low of 2.1% in November, from 2.3% in October. In turn, annual average inflation edged down to 2.8% in October, from 2.9% in October.
FocusEconomics panelists see harmonized inflation averaging 2.3% in 2020, which is from the previous month’s forecast, and 2.3% in 2021.
Latvia - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||0.0||0.7||0.2||0.1||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Latvia Harmonized Inflation Chart
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.
|Bond Yield||0.55||0.0 %||Jun 30|
|Exchange Rate||1.11||0.65 %||Nov 21|
|Stock Market||1,034||0.17 %||Nov 21|
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December 9, 2019
Consumer prices fell 0.3% from the previous month in November, swinging from October’s 0.4% month-on-month increase and marking the first contraction since July.
December 4, 2019
Industrial production jumped 7.0% in annual working-day adjusted terms in October, decelerating from September’s 7.3% jump which had marked the strongest expansion since February 2018.
November 29, 2019
GDP increased 2.9% in annual terms in the third quarter, according to a second estimate released on 29 November.
November 8, 2019
Consumer prices rose 0.4% from the previous month in October, accelerating slightly from September’s 0.1% month-on-month uptick.
November 4, 2019
Industrial production jumped 7.0% in annual working-day adjusted terms in September, accelerating from August’s 2.0% increase and marking the strongest expansion since February 2018.