The annual inflation rate in Latvia dropped to 2.9 percent in July 2019 from 3.0 percent in the previous month. It was the lowest inflation rate since March, as prices slowed for housing & utilities (2.6 percent vs 4.3 percent in June) and miscellaneous goods & services (1.4 percent vs 1.8 percent) while transport cost fell (-0.2 percent vs 0.7 percent). On the other hand, prices advanced faster for food & non-alcoholic beverages (4.2 percent vs 4.1 percent); alcoholic beverages & tobacco (5.6 percent vs 4.8 percent); recreation & culture ( 3.1 percent vs 3.0 percent); clothing & footwear (2.7 percent vs 1.3 percent); furniture & household equipment (2.8 percent vs 2.6 percent) and health (2.2 percent vs 1.9 percent). On a monthly basis, consumer prices dropped 0.1 percent, after increasing 0.3 percent in the prior month. Inflation Rate in Latvia averaged 3.63 percent from 1998 until 2019, reaching an all time high of 17.70 percent in May of 2008 and a record low of -4.30 percent in February of 2010.

Inflation Rate in Latvia is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Latvia to stand at 2.00 in 12 months time. In the long-term, the Latvia Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

Latvia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-10 10:00 AM Inflation Rate YoY Apr 3.4% 2.8% 2.8%
2019-06-10 10:00 AM Inflation Rate YoY May 3.3% 3.4% 2.6%
2019-07-08 10:00 AM Inflation Rate YoY Jun 3% 3.3% 3.2%
2019-08-08 10:00 AM Inflation Rate YoY Jul 2.9% 3% 3.2%
2019-09-09 10:00 AM Inflation Rate YoY Aug 2.9%
2019-10-08 10:00 AM Inflation Rate YoY Sep 2.7%
2019-11-08 11:00 AM Inflation Rate YoY Oct


Latvia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.90 3.00 17.70 -4.30 percent [+]
Inflation Rate Mom -1.00 0.30 3.50 -1.10 percent [+]
Consumer Price Index CPI 108.70 109.70 109.70 22.60 Index Points [+]
Harmonised Consumer Prices 108.89 109.85 109.85 44.44 Index Points [+]
Core Consumer Prices 108.00 107.42 108.00 50.26 Index Points [+]
Core Inflation Rate 2.40 2.50 14.30 -5.20 percent [+]
GDP Deflator 1.27 1.24 1.27 0.42 percent [+]
Producer Prices 121.00 120.50 121.10 69.10 Index Points [+]
Producer Prices Change 2.50 3.10 17.70 -9.30 percent [+]
Export Prices 103.60 104.70 107.90 43.70 Index Points [+]
Import Prices 97.80 98.20 104.30 52.40 Index Points [+]
CPI Housing Utilities 106.40 107.60 108.20 35.10 Index Points [+]
CPI Transportation 106.90 107.90 111.60 55.30 Index Points [+]
Food Inflation 4.20 4.10 21.60 -7.80 percent [+]


Latvia Inflation Rate

In Latvia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (23.7 percent of total weight). Housing and Utilities accounts for 16.2 percent; Transport for 13.6 percent; Alcoholic beverages and Tobacco for 8.2 percent; Recreation and Culture for 8 percent and Clothing and Footwear for 5.8 percent. Health; Miscellaneous Goods and Services; Furniture, Household Goods and Maintenance; Restaurants and Hotels; Communication and Education account for the remaining 24.5 percent of total weight. This page provides - Latvia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.00 17.70 -4.30 1998 - 2019 percent Monthly
2015=100




Country Last Previous
Argentina 54.40 Jul/19
Australia 1.60 Jun/19
Brazil 3.22 Jul/19
Canada 2.00 Jun/19
China 2.80 Jul/19
Euro Area 1.10 Jul/19
France 1.10 Jul/19
Germany 1.70 Jul/19
India 3.15 Jul/19
Indonesia 3.32 Jul/19
Italy 0.40 Jul/19
Japan 0.70 Jun/19
Mexico 3.78 Jul/19
Netherlands 2.50 Jul/19
Russia 4.60 Jul/19
Saudi Arabia -1.40 Jun/19
Singapore 0.60 Jun/19
South Africa 4.50 Jun/19
South Korea 0.60 Jul/19
Spain 0.50 Jul/19
Switzerland 0.30 Jul/19
Turkey 16.65 Jul/19
United Kingdom 2.10 Jul/19
United States 1.80 Jul/19


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