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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 0.0 | 0.6 | 0.2 | 0.2 | 2.9 |
Latvia Inflation Chart
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.
Latvia Facts
| Value | Change | Date | |
|---|---|---|---|
| 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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Economic News
Latvia: Inflation eases in December
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).
Latvia: Industrial production continues to fall in November
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.
Latvia: Inflation edges down in November
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.
Latvia: Industrial production falls again 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).
Latvia:
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.
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