The annual inflation rate in Latvia increased to 3.4 percent in April 2019 from 2.8 percent in the previous month. It was the highest inflation rate since April 2017, as prices advanced faster for food & non-alcoholic beverages (3.4 percent vs 2.3 percent in March), mainly fresh vegetables (18.4 percent); housing (5.9 percent vs 5.7 percent); transport (3.3 percent vs 1.2 percent); alcoholic beverages & tobacco (6.0 percent vs 5.4 percent) and communication (2.9 percent vs 2.6 percent). On the other hand, recreation & culture cost slowed (2.3 percent vs 2.8 percent) while prices fell for clothing & footwear (-0.3 percent vs 0.7 percent). On a monthly basis, consumer prices inched up 0.9 percent, after increasing 1.1 percent in March. Inflation Rate in Latvia averaged 3.64 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.

Inflation Rate in Latvia is expected to be 2.70 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 2.00 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.

Latvia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-11 11:00 AM Inflation Rate YoY 3% 2.6% 2.6%
2019-03-08 11:00 AM Inflation Rate YoY 2.9% 3% 3%
2019-04-08 10:00 AM Inflation Rate YoY 2.8% 2.9% 2.7%
2019-05-10 10:00 AM Inflation Rate YoY 3.4% 2.8% 2.8%
2019-06-10 10:00 AM Inflation Rate YoY 3.4% 2.6%
2019-07-08 10:00 AM Inflation Rate YoY 2.7%
2019-08-08 10:00 AM Inflation Rate YoY


Latvia Prices Last Previous Highest Lowest Unit
Inflation Rate 3.40 2.80 17.70 -4.30 percent [+]
Inflation Rate Mom 0.90 1.10 3.50 -1.10 percent [+]
Consumer Price Index CPI 109.10 108.20 109.10 22.60 Index Points [+]
Harmonised Consumer Prices 108.86 107.85 108.86 44.44 Index Points [+]
Core Consumer Prices 107.42 106.00 107.42 50.26 Index Points [+]
Core Inflation Rate 2.30 1.80 14.30 -5.20 percent [+]
GDP Deflator 1.24 1.25 1.25 0.42 percent [+]
Producer Prices 120.70 121.10 121.10 69.10 Index Points [+]
Producer Prices Change 4.10 4.70 17.70 -9.30 percent [+]
Export Prices 104.80 105.00 107.90 43.70 Index Points [+]
Import Prices 98.60 98.00 104.30 52.40 Index Points [+]
CPI Housing Utilities 107.90 107.80 108.20 35.10 Index Points [+]
CPI Transportation 106.50 105.30 111.60 55.30 Index Points [+]
Food Inflation 3.20 2.30 21.60 -7.80 percent [+]


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. This page provides - Latvia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 2.80 17.70 -4.30 1998 - 2019 percent Monthly
2015=100




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.50 Mar/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.60 Mar/19
South Africa 4.50 Mar/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 1.90 Mar/19
United States 2.00 Apr/19


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