Latvia's annual inflation quickened to 1.7 percent in April of 2021 from 0.3 percent in the previous month. It was the highest inflation rate since February of 2020, driven by prices of transport (9.7 percent vs 3.3 percent in March), of which fuels (24.8 percent vs 6.1 percent); recreation & culture (2.7 percent vs 2 percent); health (2.6 percent vs 2.4 percent) and food & non-alcoholic beverages (0.5 percent vs -0.6 percent). On a monthly basis, consumer prices inched up 0.9 percent, after rising 0.8 percent in the previous month. source: Central Statistical Bureau of Latvia
Inflation Rate in Latvia averaged 3.42 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 May of 2021.
Inflation Rate in Latvia is expected to be 1.90 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 1.80 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.