Latvia’s annual inflation rate rose to 4.8 percent in September of 2021, following a 3.7 percent increase in the previous month. It was the highest inflation rate since May 2011. Main upward pressure came from prices of housing and utilities (10.1 percent vs 6.8 percent in August); transport (9.4 percent vs 8.8 percent); food and non-alcoholic beverages (3.8 percent vs 2.2 percent) and healthcare (3.2 percent vs 2.5 percent). Meanwhile, costs slowed for clothing and footwear (3.6 percent vs 4.7 percent) and inflation remained barely unchanged for alcoholic beverages and tobacco products at 2 percent. On a monthly basis, consumer prices advanced by 1.1 percent after a 0.4 hike in August. source: Central Statistical Bureau of Latvia
Inflation Rate in Latvia averaged 3.42 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 October of 2021.
Inflation Rate in Latvia is expected to be 2.90 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.