Latvia's annual inflation rose to 2.7 percent in June of 2021 from 2.6 percent in the previous month, reaching its highest level since August of 2019. Main upward pressure came from prices of transport (8.3 percent vs 11.4 percent in May); clothing & footwear (4 percent vs 2.6 percent); food & non-alcoholic beverages (2 percent vs 0.9 percent); alcoholic beverages & tobacco (2.1 percent vs 2 percent), health (2.8 percent vs 3 percent); restaurants & hotels (1.7 percent vs 0.7 percent) and miscellaneous goods & services (1.5 percent vs -0.3 percent). On a monthly basis, consumer prices went up 0.3 percent, after increasing 0.5 percent in the prior month. source: Central Statistical Bureau of Latvia
Inflation Rate in Latvia averaged 3.41 percent from 1998 until 2021, 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 July of 2021.
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 2.00 percent in 2022 and 2.20 percent in 2023, according to our econometric models.