Inflation in Latvia

Latvia Inflation (eop) | Economic News & Forecasts

Latvia - Inflation (end of period)

Inflation falls to nine-month low in September

Consumer prices ticked up 0.1% from the previous month in September, down slightly from August’s 0.2% drop. According to a breakdown of the sub-components provided by Latvia’s Central Statistical Bureau, 6 of the total 12 sub-components saw an increase in prices, led by clothing and footwear, and miscellaneous goods and services, which more than offset lower prices for food as well as for alcohol and tobacco.

Inflation fell to nine-month low 2.6% in September, from 3.2% in August. Meanwhile, annual average inflation remained stable at May’s near seven-year high of 3.0% in August.

FocusEconomics panelists see harmonized inflation averaging 2.9% in 2019, which is up 0.1 percentage points from the previous month’s forecast, and 2.3% in 2020, which is down 0.2 percentage points from previous month’s projection.

Latvia - Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)-0.4  0.2  0.3  2.2  2.2  

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Latvia Inflation (eop) 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

Bond Yield0.550.0 %Jun 30
Exchange Rate1.100.65 %Sep 04
Stock Market1,0250.17 %Sep 04

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