Inflation in Latvia
Latvia - Inflation
Inflation comes in at highest level since December 2011 in August
Consumer prices rose 0.36% over the previous month in August, unchanged for the third straight month. Looking at the details of the release, quicker price growth for recreation and culture were offset by falling prices for food and non-alcoholic beverages.
Meanwhile, inflation rose to 3.8% in August, following July’s 2.8%. August's reading was the highest inflation rate since December 2011. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.9% in August (July: 0.6%). Lastly harmonized inflation came in at 3.6% in the same month, accelerating from July’s 2.8% reading.
FocusEconomics panelists see harmonized inflation averaging 1.9% in 2021, which is unchanged from the previous month’s forecast, and 2.2% in 2022.
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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September 22, 2021
Consumer prices rose 0.36% over the previous month in August, unchanged for the third straight month.
September 3, 2021
Industrial output grew 8.4% in year-on-year terms in July, which was above June's 7.6% increase.
August 31, 2021
The economy surged 11.1% year-on-year in the second quarter of 2021, according to detailed national accounts data released on 31 August.
August 10, 2021
Consumer prices increased 0.36% from the previous month in July, matching June's reading.
August 3, 2021
Industrial production rose 7.6% year-on-year in June, following May’s 10.6% result.