Cost of food in Latvia increased 2.40 percent in December of 2019 over the same month in the previous year. Food Inflation in Latvia averaged 4.05 percent from 1998 until 2019, reaching an all time high of 21.60 percent in May of 2008 and a record low of -7.80 percent in January of 2010.
Food Inflation in Latvia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Latvia to stand at 2.10 in 12 months time. In the long-term, the Latvia Food Inflation is projected to trend around 2.20 percent in 2020, according to our econometric models.