The annual inflation rate in Latvia fell to 2.2 percent in January 2020 from 2.3 percent in the previous month. Prices slowed for recreation & culture (2.3 percent vs 3.4 percent in December); alcohol & tobacco (2.5 percent vs 4.3 percent) and furnishings (1.3 percent vs 2.2 percent). Also, cost dropped for housing & utilities (-0.3 percent vs 3.3 percent); and clothing & footwear (-0.3 percent vs 0.5 percent). Meanwhile, prices advanced further for food (3.4 percent vs 2.4 percent) and transport (4.6 percent vs 0.6 percent). On a monthly basis, consumer prices increased 0.4 percent, rebounding from a 0.2 percent fall in the prior month.
Inflation Rate in Latvia averaged 3.60 percent from 1998 until 2020, 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. This page provides - Latvia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Statistical Bureau of Latvia
Inflation Rate in Latvia is expected to be 2.50 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 2.50 in 12 months time. In the long-term, the Latvia Inflation Rate is projected to trend around 2.50 percent in 2021 and 2.20 percent in 2022, according to our econometric models.