The annual inflation rate in Latvia rose to 2.3 percent in December 2019 from 2.1 percent in the previous month, mainly due to a rebound in prices of transport (0.6 percent vs -1.6 percent in November). Meanwhile, cost slowed primarily for food (2.4 percent vs 2.5 percent) and housing & utilities (3.3 percent vs 3.6 percent). On a monthly basis, consumer prices dropped 0.2 percent, after decreasing 0.3 percent in the previous month.

Inflation Rate in Latvia averaged 3.61 percent from 1998 until 2019, 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.

Inflation Rate in Latvia is expected to be 2.50 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 2.50 in 12 months time. In the long-term, the Latvia Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

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Latvia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.10 17.70 -4.30 1998 - 2019 percent Monthly
2015=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-08 10:00 AM Sep 2.6% 3.2% 3%
2019-11-08 11:00 AM Oct 2.3% 2.6% 2.5%
2019-12-09 11:00 AM Nov 2.1% 2.3% 2.4%
2020-01-10 11:00 AM Dec 2.3% 2.1% 2.3%
2020-02-11 11:00 AM Jan 2.3% 2%


News Stream
2019-12-09
Latvia Inflation Rate at Over 1-1/2-Year Low of 2.1%
The annual inflation rate in Latvia dropped to 2.1 percent in November 2019 from 2.3 percent in the previous month. This is the lowest inflation rate since April 2018. On a monthly basis, consumer prices went down 0.3 percent, after increasing 0.4 percent in the previous month.

2019-11-08
Latvia Inflation Rate Slows to Over 1-Year Low
The annual inflation rate in Latvia fell to 2.3 percent in October of 2019 from 2.6 percent in the previous month. This is the lowest inflation rate since May of 2018, as prices slowed for housing & utilities (3.6 percent vs 4.0 percent in September); alcoholic beverages & tobacco (4.6 percent vs 4.8 percent); recreation & culture (3.1 percent vs 4.6 percent); clothing & footwear (1.6 percent vs 1.8 percent) and miscellaneous goods & services (0.8 percent vs 1.0 percent). Also, cost dropped further for transport (-1.0 percent vs -0.2 percent) and education (-0.5 percent vs -0.4 percent). On the other hand, prices advanced faster for food & non-alcoholic beverages (2.6 percent vs 2.4 percent); health (2.2 percent vs 2.1 percent) and furniture & household equipment (2.9 percent vs 2.2 percent). On a monthly basis, consumer prices edged up 0.4 percent, after increasing 0.1 percent in the previous month.

2019-10-08
Latvia Inflation Rate at 9-Month Low of 2.6%
The annual inflation rate in Latvia fell to 2.6 percent in September 2019 from 3.2 percent in the previous month. This is the lowest inflation rate since last December, as prices slowed mostly for food & non-alcoholic beverages (2.4 percent vs 4.5 percent in August); alcoholic beverages & tobacco (4.8 percent vs 5.6 percent); clothing & footwear (1.8 percent vs 3.5 percent) and restaurants & hotels (3.7 percent vs 4.5 percent). Also, prices dropped for transport (-0.2 percent vs 0.3 percent) and education (-0.4 percent vs 2.6 percent). On the other hand, cost advanced faster for housing & utilities (4 percent vs 3.9 percent); recreation & culture (4.6 percent vs 3.5 percent); health (2.1 percent vs 1.7 percent); miscellaneous goods & services (1 percent vs 0.7 percent) and furnishings (2.2 percent vs 1.8 percent). On a monthly basis, consumer prices edged up 0.1 percent, after increasing 0.2 percent in the previous month.

2019-09-09
Latvia Annual Inflation Rate Rises to 3.2% in August
The annual inflation rate in Latvia rose to 3.2 percent in August 2019 from 2.9 percent in the previous month. Prices increased further for food & non-alcoholic beverages (4.5 percent from 4.2 percent in July); housing & utilities (3.9 percent from 2.6 percent); recreation & culture (3.5 percent from 3.1 percent); and clothing & footwear (3.5 percent from 2.7 percent). Also, cost of transport advanced 0.3 percent, rebounding from a 0.2 percent fall in July. Meanwhile, prices eased for furniture & household equipment (1.8 percent from 2.8 percent); miscellaneous goods & services (0.7 percent from 1.4 percent); and health (1.7 percent from 2.2 percent). Additionally, inflation was steady for alcoholic beverages & tobacco (at 5.6 percent). On a monthly basis, consumer prices went up 0.2 percent, after declining 1.0 percent in the prior month.


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.