Latvia's consumer prices dropped 0.7 percent from a year earlier in October 2020, following a 0.3 percent fall in the previous month. It was the biggest price decline since June, as cost was down for housing, water, electricity, gas and other fuels (-4.8 percent vs -4.3 percent in September), goods and services related to transport (-5.5 percent vs -4.3 percent), and clothing and footwear (-0.4 percent vs 0.0 percent). At the same time, food and non-alcoholic beverages inflation slowed to 1.1 percent from 2.2 percent. On a monthly basis, consumer prices were flat. source: Central Statistical Bureau of Latvia
Inflation Rate in Latvia averaged 3.49 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. Latvia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Inflation Rate in Latvia is expected to be 0.30 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 1.50 in 12 months time. In the long-term, the Latvia Inflation Rate is projected to trend around 2.00 percent in 2021 and 2.20 percent in 2022, according to our econometric models.