Argentina:
Inflation came in at 124.4% in August, up from July’s 113.4%. August’s figure represented the highest inflation rate since our...
Inflation in Latvia
Harmonized consumer price inflation averaged 3.0% in the ten years to 2022. The 2022 average figure was 17.2%. For more inflation information, visit our dedicated page.
Latvia Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Latvia from 2015 to 2023.
Source: Macrobond.
Latvia Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.7 | 0.1 | 3.2 | 17.2 | 9.1 |
| Inflation (CPI, ann. var. %, eop) | 2.3 | -0.5 | 7.8 | 20.9 | 0.6 |
| Inflation (HICP, ann. var. %, eop) | 2.1 | -0.5 | 7.9 | 20.7 | 0.9 |
| Inflation (PPI, ann. var. %, aop) | 1.9 | -1.9 | 13.1 | 30.7 | 1.1 |
Harmonized inflation hits highest level since October 2023 in June
Harmonized inflation rose to 1.5% in June, up from May’s flat reading. June's result marked the highest inflation rate in over half a year. Looking at the details of the release, prices for food and recreation increased at a quicker rate in June, prices for hospitality rebounded, and housing and utilities prices fell at a weaker rate. That said, annual average harmonized inflation fell to 2.1% in June (May: 2.6%). Meanwhile, consumer price inflation rose to 1.4% in June from May’s 0.1%. Lastly, harmonized consumer prices recorded zero growth in June over the previous month, below the 0.39% rise logged in May. June's result marked the weakest reading since December 2023.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Latvian inflation projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Latvian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Latvian inflation projections.
Want to get access to the full dataset of Latvian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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