Latvia’s annual inflation rate rose to 3.7 percent in August of 2021, following a 2.8 percent increase in the previous month. It was the highest inflation rate since December 2011. Main upward pressure came from prices of transport (8.8 percent vs 7.8 percent in July); housing (6.8 percent vs 4.1 percent); clothing and footwear (4.7 percent vs 2.8 percent); food and non-alcoholic beverages (2.2 percent vs 1.4 percent); and alcoholic beverages and tobacco products (2 percent vs 1.4 percent). On a monthly basis, consumer prices increased 0.4 percent, the same as in July. source: Central Statistical Bureau of Latvia
Inflation Rate in Latvia averaged 3.41 percent from 1998 until 2021, 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 September of 2021.
Inflation Rate in Latvia is expected to be 2.80 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 2.00 percent in 2022 and 2.20 percent in 2023, according to our econometric models.