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.

Ok
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.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Latvia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.70 0.30 17.70 -4.30 1998 - 2021 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2021-02-10 11:00 AM Jan -0.5% -0.5% -0.1%
2021-03-08 11:00 AM Feb -0.2% -0.5% -0.3%
2021-04-09 10:00 AM Mar 0.3% -0.2% 0.1%
2021-05-10 10:00 AM Apr 1.7% 0.3% 1.7%
2021-06-08 10:00 AM May 1.7%
2021-07-08 10:00 AM Jun
2021-08-09 10:00 AM Jul
2021-09-08 10:00 AM Aug
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Latvia April Inflation Rate at Over 1-Year High
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.
2021-05-10
Latvia CPI Continues to Fall
Consumer prices in Latvia fell 0.2 percent year-on-year in February 2021, following a 0.5 percent decrease in the prior month and marking the 7th straight month of deflation. Main downward pressure came from lower prices of food and non-alcoholic beverages (-0.4 percent vs -0.1 percent in January); housing & utilities (-2.7 percent vs -2.6 percent); and transports (-1.2 percent vs -4.7 percent). On the other hand, main upward pressure came from cost of alcoholic beverages and tobacco (1 percent vs 0.7 percent); recreation and culture (2.8 percent vs 2.9 percent; and health (2.6 percent, the same as in January). On a monthly basis, consumer prices increased 0.4 percent, the same as in January.
2021-03-08
Latvia Consumer Prices Drop for 6th Month
Consumer prices in Latvia fell 0.5 percent year-on-year in January of 2021, the same as in the prior month. It is the sixth straight month of deflation, mainly due to lower prices of food and non-alcoholic beverages (-0.1 percent vs 1.1 percent in December); housing & utilities (-2.6 percent vs -3.6 percent); transports (-4.7 percent vs -4.6 percent) and miscellaneous goods & services (-0.8 percent vs -1.5 percent). On a monthly basis, consumer prices edged up 0.4 percent, after a flat reading in the previous month.
2021-02-10
Latvia CPI Falls for 5th Month
Consumer prices in Latvia fell 0.5 percent year-on-year in December of 2020, following a 0.7 percent decrease in the prior month and marking the fifth straight month of deflation. Main downward pressure came from prices of transport (-4.5 percent vs -5.3 percent in November); housing & utilities (-3.6 percent vs -4.6 percent); clothing & footwear (-2.9 percent vs -3.1 percent) and miscellaneous goods & services (-1.5 percent vs -1 percent). On a monthly basis, consumer prices were flat, after decreasing 0.3 percent in the previous month.
2021-01-12

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.