Consumer prices in Latvia fell 0.5 percent year-on-year in January of 2021, the same as in the prior month. It is the sixth straight month of deflation, mainly due to lower prices of food and non-alcoholic beverages (-0.1 percent vs 1.1 percent in December); housing & utilities (-2.6 percent vs -3.6 percent); transports (-4.7 percent vs -4.6 percent) and miscellaneous goods & services (-0.8 percent vs -1.5 percent). On a monthly basis, consumer prices edged up 0.4 percent, after a flat reading in the previous month. source: Central Statistical Bureau of Latvia
Inflation Rate in Latvia averaged 3.45 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 February of 2021.
Inflation Rate in Latvia is expected to be 0.50 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 2.00 in 12 months time. 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.