Harmonized consumer price growth rose to 21.4% in January (December: 20.7%) on stronger price pressures for housing and utilities outweighing weaker inflation for food and transport. In 2023, the headline rate should ease on waning demand and higher interest rates. That said, our panel sees it remaining firmly above the ECB’s 2.0% target this year.
Latvia ECB Refinancing Rate (%, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| ECB Refinancing Rate (%, eop) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |