Inflation in Latvia
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
|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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December 8, 2020
Consumer prices declined 0.28% over the previous month in November, following October’s flat reading.
November 30, 2020
The economy shrank 2.6% year-on-year in the third quarter, according to detailed national accounts data released on 30 November.
November 9, 2020
Consumer prices were unchanged over the previous month in October, following September’s 0.09% uptick.
November 3, 2020
Industrial production output dropped 2.8% in year-on-year, calendar-day adjusted terms in September, slightly softer than August’s 2.9% fall.
October 30, 2020
Economic activity tumbled for the third consecutive quarter in Q3, with GDP falling 3.1% on an annual basis according to preliminary national accounts data released by Latvia’s Statistical Institute on 30 October.