Inflation in Latvia
Latvia - Inflation
Inflation ticks down in July
Consumer prices fell 1.0% in July from the previous month in July, contrasting June’s 0.4% increase and marking the strongest monthly contraction since July 2015.
According to a breakdown of the sub-components provided by Latvia’s Central Statistical Bureau, 5 of the total 12 saw a fall in prices, led by clothing and footwear, food, and miscellaneous goods and services which more than offset higher prices for recreation and culture, alcohol and tobacco, and health.
Inflation moderated from 3.0% in June to 2.9% in July. Meanwhile, annual average inflation remained stable at May’s near seven-year high of 3.0% in July. Similarly, harmonized inflation edged down from 3.1% in June to 3.0% in July.
FocusEconomics panelists see harmonized inflation averaging 2.7% 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 | 1.11 | 0.65 % | Jul 31 |
| Stock Market | 1,039 | 0.17 % | Jul 31 |
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Economic News
Latvia: Inflation ticks down in July
August 12, 2019
Consumer prices fell 1.0% in July from the previous month in July, contrasting June’s 0.4% increase and marking the strongest monthly contraction since July 2015.
Latvia: Industrial output growth hits six-month high in June
August 5, 2019
Industrial production rose 4.4% in annual working-day adjusted terms in June, up from a 1.7% year-on-year increase in May.
Latvia: Growth slumps to nearly three-year low in Q2
July 30, 2019
Economic momentum weakened further in the second quarter, according to preliminary national accounts data released by Latvia’s Statistical Institute on 30 July.
Latvia: Inflation moderates in June
July 15, 2019
Consumer prices rose 0.4% from the previous month in June, up from May’s 0.2% increase.
Latvia: Industrial output rebounds in May
July 4, 2019
Industrial output rose 1.7% in working day-adjusted year-on-year terms in May, contrasting April’s 2.4% contraction.
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