Inflation in Latvia

Latvia Inflation | Economic News & Forecasts

Latvia - Inflation

Inflation comes in at highest level since December 2011 in August

Consumer prices rose 0.36% over the previous month in August, unchanged for the third straight month. Looking at the details of the release, quicker price growth for recreation and culture were offset by falling prices for food and non-alcoholic beverages.

Meanwhile, inflation rose to 3.8% in August, following July’s 2.8%. August's reading was the highest inflation rate since December 2011. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.9% in August (July: 0.6%). Lastly harmonized inflation came in at 3.6% in the same month, accelerating from July’s 2.8% reading.

FocusEconomics panelists see harmonized inflation averaging 1.9% in 2021, which is unchanged from the previous month’s forecast, and 2.2% in 2022.

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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