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.