The annual inflation rate in Latvia fell to 2.6 percent in September 2019 from 3.2 percent in the previous month. This is the lowest inflation rate since last December, as prices slowed mostly for food & non-alcoholic beverages (2.4 percent vs 4.5 percent in August); alcoholic beverages & tobacco (4.8 percent vs 5.6 percent); clothing & footwear (1.8 percent vs 3.5 percent) and restaurants & hotels (3.7 percent vs 4.5 percent). Also, prices dropped for transport (-0.2 percent vs 0.3 percent) and education (-0.4 percent vs 2.6 percent). On the other hand, cost advanced faster for housing & utilities (4 percent vs 3.9 percent); recreation & culture (4.6 percent vs 3.5 percent); health (2.1 percent vs 1.7 percent); miscellaneous goods & services (1 percent vs 0.7 percent) and furnishings (2.2 percent vs 1.8 percent). On a monthly basis, consumer prices edged up 0.1 percent, after increasing 0.2 percent in the previous month. Inflation Rate in Latvia averaged 3.62 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 2.90 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 2.40 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
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 3.2% 2.9% 3%
2019-10-08 10:00 AM Inflation Rate YoY Sep 2.6% 3.2% 3%
2019-11-08 11:00 AM Inflation Rate YoY Oct 2.6% 3%
2019-12-09 11:00 AM Inflation Rate YoY Nov 2.9%


Latvia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.60 3.20 17.70 -4.30 percent [+]
Inflation Rate Mom 0.10 0.20 3.50 -1.10 percent [+]
Consumer Price Index CPI 108.90 108.90 109.70 22.60 Index Points [+]
Harmonised Consumer Prices 108.91 109.08 109.85 44.44 Index Points [+]
Core Consumer Prices 107.87 107.76 108.50 50.26 Index Points [+]
Core Inflation Rate 2.40 2.70 14.30 -5.20 percent [+]
GDP Deflator 1.26 1.27 1.27 0.42 percent [+]
Producer Prices 120.60 120.70 121.10 69.10 Index Points [+]
Producer Prices Change 0.40 1.50 17.70 -9.30 percent [+]
Export Prices 104.10 103.60 107.90 43.70 Index Points [+]
Import Prices 97.20 97.80 104.30 52.40 Index Points [+]
CPI Housing Utilities 108.40 108.20 108.40 35.10 Index Points [+]
CPI Transportation 106.00 106.70 111.60 55.30 Index Points [+]
Food Inflation 2.40 4.50 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 3.20 17.70 -4.30 1998 - 2019 percent Monthly
2015=100




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 2.89 Sep/19
Canada 1.90 Aug/19
China 3.00 Sep/19
Euro Area 0.90 Sep/19
France 0.90 Sep/19
Germany 1.20 Sep/19
India 3.99 Sep/19
Indonesia 3.39 Sep/19
Italy 0.40 Sep/19
Japan 0.30 Aug/19
Mexico 3.00 Sep/19
Netherlands 2.60 Sep/19
Russia 4.00 Sep/19
Saudi Arabia -1.10 Aug/19
Singapore 0.50 Aug/19
South Africa 4.30 Aug/19
South Korea -0.40 Sep/19
Spain 0.10 Sep/19
Switzerland 0.10 Sep/19
Turkey 9.26 Sep/19
United Kingdom 1.70 Aug/19
United States 1.70 Sep/19


Related

Latest