Inflation in Latvia
Latvia - Harmonized Inflation
Inflation hits 25-month high in April
Consumer prices rose 0.91% over the previous month in April, quickening from March’s 0.73% increase and marking the fastest rise in over two years. April’s result was largely due to quicker price growth for food and housing.
Inflation rose to 1.7% year-on-year in April, quickening from March’s 0.3% and marking the highest reading in over a year. Meanwhile, the annual average variation of consumer prices came in at minus 0.2%, up slightly from minus 0.3% in the previous month. Lastly, harmonized consumer prices increased 1.7% on an annual basis, after they dropped 0.3% in March.
FocusEconomics panelists see harmonized inflation averaging 1.5% in 2021, which is up 0.2 percentage points from the previous month’s forecast, and 2.1% in 2022.
Latvia - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||0.2||0.1||2.9||2.6||2.8|
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||1.12||0.65 %||Dec 31|
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May 31, 2021
The economy shrank 1.3% year-on-year in the first quarter of 2021, according to detailed national accounts data released on 31 May.
May 10, 2021
Consumer prices rose 0.91% over the previous month in April, quickening from March’s 0.73% increase and marking the fastest rise in over two years.
May 5, 2021
Industrial production rose 4.7% in year-on-year, calendar-adjusted terms in March, firmly above the 2.7% increase logged in February. March’s higher reading was driven by faster output growth in the manufacturing sector, as well as activity in the mining and quarrying sector rebounding solidly.
April 29, 2021
GDP fell 2.2% on an annual basis in the first quarter of 2021, according to a preliminary release.
April 9, 2021
Consumer prices rose 0.73% over the previous month in March, quickening from February’s 0.46% increase.