Inflation in Latvia

Latvia Harmonized Inflation | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Inflation Rate (HICP, annual variation in %)0.0  0.7  0.2  0.1  2.9  

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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

Bond Yield0.550.0 %Jun 30
Exchange Rate1.110.65 %Nov 21
Stock Market1,0340.17 %Nov 21

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