Inflation in Latvia

Latvia Inflation (eop) | Economic News & Forecasts

Latvia - Inflation (end of period)

Inflation hits 25-month high in April

Consumer prices rose 0.91% over the previous month in April, quickening from March’s 0.73% increase and marking the fastest rise in over two years. April’s result was largely due to quicker price growth for food and housing.

Inflation rose to 1.7% year-on-year in April, quickening from March’s 0.3% and marking the highest reading in over a year. Meanwhile, the annual average variation of consumer prices came in at minus 0.2%, up slightly from minus 0.3% in the previous month. Lastly, harmonized consumer prices increased 1.7% on an annual basis, after they dropped 0.3% in March.

FocusEconomics panelists see harmonized inflation averaging 1.5% in 2021, which is up 0.2 percentage points from the previous month’s forecast, and 2.1% in 2022.

Latvia - Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)0.3  2.2  2.2  2.5  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

Value Change Date
Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Dec 31

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