Latvia Inflation Rate  1998-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Latvia increased 2.6 percent year-on-year in July of 2017, easing from a 3 percent rise in the preceding month. It is the lowest inflation rate since December last year. Prices went up less for: housing (2.2 percent vs 3.2 percent); transport (0.5 percent vs 1.4 percent); recreation and culture (1.9 percent vs 2.3 percent); health (2.6 percent vs 2.9 percent); restaurants and hotels (2.3 percent vs 2.8 percent) and communication (3.8 percent vs 5.5 percent). In addition, cost fell for clothing and footwear (-5.1 percent vs -3.5 percent) and furnishings (-1.5 percent vs -0.4 percent). In contrast, prices rose faster for: food and non-alcoholic beverages (6.6 percent vs 6.5 percent); alcoholic beverages and tobacco (2.7 percent vs 1.3 percent) and miscellaneous goods and services (4.9 percent vs 4.6 percent). On a monthly basis, consumer prices decreased 0.7 percent. Inflation Rate in Latvia averaged 3.72 percent from 1998 until 2017, 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.

Latvia Inflation Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-08 10:00 AM May 2.8% 3.4% 3%
2017-07-10 10:00 AM Jun 3.0% 2.8% 2.5%
2017-08-08 10:00 AM Jul 2.6% 3.0% 2.9%
2017-09-08 10:00 AM Aug 2.6% 2.40%
2017-10-09 10:00 AM Sep 2.20%
2017-11-08 11:00 AM Oct 2.20%


Latvia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.60 3.00 17.70 -4.30 percent [+]
Inflation Rate Mom -0.70 0.20 3.50 -1.10 percent [+]
Harmonised Consumer Prices 103.00 103.82 103.82 44.44 Index Points [+]
Consumer Price Index CPI 102.90 103.60 109.00 22.60 Index Points [+]
Core Consumer Prices 102.89 104.15 104.15 50.26 Index Points [+]
Core Inflation Rate 1.00 2.10 14.30 -5.20 percent [+]
GDP Deflator 1.17 1.15 1.17 0.42 percent [+]
Producer Prices 113.10 112.60 114.30 69.10 Index Points [+]
Producer Prices Change 3.10 2.90 17.70 -9.30 percent [+]
Export Prices 116.60 116.60 119.20 43.70 Index Points [+]
Import Prices 113.00 112.80 121.20 52.40 Index Points [+]
CPI Housing Utilities 99.10 98.90 102.10 35.10 Index Points [+]
CPI Transportation 98.90 99.90 111.60 55.30 Index Points [+]
Food Inflation 6.60 6.50 22.50 -8.60 percent [+]


Latvia Inflation Rate Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 3.00 17.70 -4.30 1998 - 2017 percent Monthly
2010=100



inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.71 Jul/17
Canada 1.20 Jul/17
China 1.40 Jul/17
Euro Area 1.30 Jul/17
France 0.70 Jul/17
Germany 1.70 Jul/17
India 2.36 Jul/17
Indonesia 3.88 Jul/17
Italy 1.10 Jul/17
Japan 0.40 Jun/17
Mexico 6.44 Jul/17
Netherlands 1.30 Jul/17
Russia 3.90 Jul/17
South Korea 2.20 Jul/17
Spain 1.50 Jul/17
Switzerland 0.30 Jul/17
Turkey 9.79 Jul/17
United Kingdom 2.60 Jul/17
United States 1.70 Jul/17