Consumer prices in Latvia fell 0.3 percent year-on-year in September of 2020, following a 0.2 percent drop in the previous month. Cost of housing declined further (-4.3 percent vs -4.2 percent in August), namely heat energy, natural gas, electricity, solid fuels and rentals for housing; transport (-4.3 percent, the same as in August), namely fuels for transport; prices of miscellaneous goods & services dropped (-1.6 percent vs a flat reading). Also, prices slowed for furnishings & household equipment (0.8 percent vs 1.5 percent); health (2.6 percent vs 3.2 percent); and restaurants &hotels (2.4 percent vs 3 percent). Meanwhile, cost of food & beverages advanced at a faster pace (2.2 percent vs 2 percent). On a monthly basis, consumer prices were unchanged, after decreasing 0.5 percent in the prior month. source: Central Statistical Bureau of Latvia
Inflation Rate in Latvia averaged 3.51 percent from 1998 until 2020, 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 October of 2020.
Inflation Rate in Latvia is expected to be 0.30 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 1.50 in 12 months time. In the long-term, the Latvia Inflation Rate is projected to trend around 2.00 percent in 2021 and 2.20 percent in 2022, according to our econometric models.