Inflation in Latvia
Latvia - Inflation
Inflation eases in December
Consumer prices fell 0.4% from the previous month in December, compared to a near-flat reading in the previous month (November: - 0.1% month-on-month). According to Latvia’s Central Statistical Bureau, the reading largely reflected lower prices for clothing and footwear more than offsetting higher prices for food.
Inflation fell to a five-month low of 2.6% in December, from 3.0% in November. Meanwhile, annual average inflation remained stable for the fourth consecutive month in December at 2.5%. Lastly, harmonized inflation moderated from 2.9% in November to 2.6% in December.
Latvia Inflation Forecast
FocusEconomics panelists see harmonized inflation averaging 2.6% in 2019, unchanged from the previous month’s forecast, and 2.4% in 2020.
Latvia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.0||0.6||0.2||0.2||2.9|
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||1.14||0.65 %||Jan 16|
|Stock Market||973||0.17 %||Jan 16|
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January 16, 2019
Consumer prices fell 0.4% from the previous month in December, compared to a near-flat reading in the previous month (November: - 0.1% month-on-month).
January 3, 2019
According to Latvia’s Central Statistical Bureau, industrial output fell 0.6% in working day-adjusted year-on-year terms in November, improving somewhat from the 1.9% drop recorded in October.
December 12, 2018
Consumer prices fell 0.1% from the previous month in November, compared to a 0.7% month-on-month increase in October.
December 3, 2018
Industrial output fell 1.9% in October from the same month last year, the second consecutive month of contraction (September: -1.2% year-on-year).
November 30, 2018
A comprehensive GDP release confirmed that annual growth lost some traction in the third quarter, coming in at 4.7% (previously reported: +4.8% year-on-year), down from 5.3% in the second quarter.