Inflation in Latvia

Latvia Inflation | Economic News & Forecasts

Latvia - Inflation

Inflation ticks down in July

Consumer prices fell 1.0% in July from the previous month in July, contrasting June’s 0.4% increase and marking the strongest monthly contraction since July 2015.

According to a breakdown of the sub-components provided by Latvia’s Central Statistical Bureau, 5 of the total 12 saw a fall in prices, led by clothing and footwear, food, and miscellaneous goods and services which more than offset higher prices for recreation and culture, alcohol and tobacco, and health.

Inflation moderated from 3.0% in June to 2.9% in July. Meanwhile, annual average inflation remained stable at May’s near seven-year high of 3.0% in July. Similarly, harmonized inflation edged down from 3.1% in June to 3.0% in July.

FocusEconomics panelists see harmonized inflation averaging 2.7% in 2019, unchanged from the previous month’s forecast, and 2.4% in 2020.

Latvia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)0.0  0.6  0.2  0.2  2.9  

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Latvia 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 %Jul 31
Stock Market1,0390.17 %Jul 31

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