Consumer prices in Latvia eased to 20.8 percent in December 2022, from a 21.8 percent rise in the previous month. It was the lowest inflation rate since June amid a slowdown in prices of
housing & utilities (42.8% vs 44.4% in November), transport (12.6 percent vs 18.2 percent), clothing & footwear (5.3 percent vs 6.2 percent), alcoholic beverages & tobacco products (6 percent vs 6.2 percent) and food & non-alcoholic beverages (29 percent vs 29.5 percent). On the other hand, inflation accelerated for recreation & culture (9.4 percent vs 8.8 percent), communication (6.7 percent vs 4.9 percent) and health (9.7 percent vs 9.1 percent). On a monthly basis, consumer prices fell by 0.5 percent in December, following a 1.1 percent surge in November. source: Central Statistical Bureau of Latvia
Inflation Rate in Latvia averaged 4.00 percent from 1998 until 2022, reaching an all time high of 22.20 percent in September of 2022 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 February of 2023.
Inflation Rate in Latvia is expected to be 16.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.