Inflation in Latvia
Latvia - Inflation
Inflation ticks down in February
Consumer prices rose 0.1% from the previous month in February, moderating from January’s 0.5% increase. According to Latvia’s Central Statistical Bureau, the reading largely reflected higher prices for recreation and culture, and alcohol and tobacco more than offsetting lower prices for miscellaneous goods and housing.
Inflation inched down from 3.0% in January to 2.9% in February. Meanwhile, annual average inflation rose slightly to 2.7% in February, from 2.6% in January, marking a 12-month high. Lastly, harmonized inflation ticked down to 2.8% in February, from 2.9% in the previous month.
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 % | Mar 20 |
| Stock Market | 972 | 0.17 % | Mar 20 |
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Economic News
Latvia: Inflation ticks down in February
March 15, 2019
Consumer prices rose 0.1% from the previous month in February, moderating from January’s 0.5% increase.
Latvia: Industrial production contracts in January
March 5, 2019
According to Latvia’s Central Statistical Bureau, industrial output fell 1.8% in working day-adjusted year-on-year terms in January, compared to a strong 4.5% expansion in December.
Latvia:
March 1, 2019
According to comprehensive national accounts data released by the Statistical Institute on 1 March, economic growth reached 5.1% on an annual basis in the final quarter of 2018 (previously reported: +5.0% year-on-year), accelerating from the third quarter’s revised 4.5% expansion (previously reported: +4.8% yoy).
Latvia: Inflation increases in January
February 20, 2019
Consumer prices rose 0.5% from the previous month in January, following December’s 0.4% dip.
Latvia: Industrial production rebounds in December
February 4, 2019
According to Latvia’s Central Statistical Bureau, industrial output jumped 4.5% in working day-adjusted year-on-year terms in December, compared to a 0.6% contraction in November.
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