Inflation in Latvia

Latvia Inflation | Economic News & Forecasts

Latvia - Inflation

Consumer prices register biggest fall in four years in May

Consumer prices dropped 0.37% in May over the previous month, a softer drop than the 0.55% drop logged in April. The upturn was broad-based, chiefly reflecting higher prices for food and non-alcoholic beverages. Prices for alcoholic beverages and tobacco dropped markedly, however.

Consumer prices declined 0.6% on an annual basis in May, a steeper fall compared to April’s flat reading. May's figure represented the largest fall in consumer prices since May 2016. In addition, the trend pointed down, with annual average inflation coming in at 2.0% in May (April: 2.3%).

FocusEconomics panelists see harmonized inflation averaging 0.5% in 2020, which is down 0.2 percentage points from the previous month’s forecast, and 1.7% in 2021.

Latvia - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.2  0.2  2.9  2.5  2.8  

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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

Value Change Date
Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Dec 31

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