Inflation in Latvia

Latvia Inflation | Economic News & Forecasts

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

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

ValueChangeDate
Bond Yield0.550.0 %Jun 30
Exchange Rate1.140.65 %Jan 16
Stock Market9730.17 %Jan 16

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