Latvia's consumer price inflation rate eased to 21.8 percent year-on-year in October 2022 from the previous month's all-time high of 22.2 percent, as prices rose at softer rates for housing and utilities (46.9 percent vs 51.6 percent in September), transport (20.1 percent vs 21.9 percent), and alcoholic beverages and tobacco products (5.6 percent vs 5.9 percent). Meanwhile, inflation accelerated for food and non-alcoholic beverages (29.5 percent vs 27.5 percent), recreation and culture (8.0 percent vs 7.8 percent), and clothing and footwear (4.6 percent vs 2.7 percent); while it remained unchanged for miscellaneous goods and services (at 15.3 percent). On a monthly basis, consumer prices advanced 0.8 percent in October, easing from a 1.6 percent increase in September. source: Central Statistical Bureau of Latvia
Inflation Rate in Latvia averaged 3.89 percent from 1998 until 2022, reaching an all time high of 22.20 percent in September of 2022 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 November of 2022.
Inflation Rate in Latvia is expected to be 20.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Inflation Rate is projected to trend around 4.00 percent in 2023 and 1.20 percent in 2024, according to our econometric models.