Inflation in Latvia
Latvia - Inflation
Inflation hits neat 13-year high in November
Consumer prices increased 1.05 in November over the previous month, below October's 1.14% rise. Looking at the details of the release, prices for transportation increased at a slower pace, while prices for alcoholic beverages and tobacco dropped. However, prices for food and non-alcoholic beverages and housing and utilities increased at a quicker pace.
Inflation increased to 7.5% in November, above October’s 6.0%. November's reading was the highest inflation rate since March 2009. Consequently, the trend pointed up, with annual average inflation coming in at 2.6% in November (October: 1.9%). Lastly, harmonized inflation rose to 7.4% in November, from October’s 6.0%.
FocusEconomics panelists see harmonized inflation averaging 3.4% in 2022, which is up 0.4 percentage points from last month’s forecast, and 2.2% in 2023.
Latvia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.2||0.2||2.9||2.5||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Latvia 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, 2021
Consumer prices increased 1.05 in November over the previous month, below October's 1.14% rise.
December 3, 2021
Industrial output rose 2.4% on a monthly basis in October, following September's 5.8% increase.
November 30, 2021
GDP growth moderated to 5.1% year-on-year in the third quarter from 10.8% in the second quarter, according to detailed national accounts data.
November 9, 2021
Consumer prices increased 1.14% in October over the previous month, accelerating from the 1.06% increase seen in September.
November 3, 2021
Industrial output expanded 5.8% year-on-year in September (August: +4.3% yoy).