Latvia: Inflation eases in December from November
Latest reading: Harmonized consumer prices were up 3.4% in annual terms in December, following a 3.8% increase in the prior month. December’s reading was the weakest since January 2025.
Relative to the prior month’s figures, there were reduced price pressures for food and non-alcoholic beverages (+4.3% in annual terms vs +5.3% in November), transportation (+0.7% vs +2.1% in November) and restaurants and hotels (+2.8% vs +5.0% in November). In contrast, there were more notable price pressures for housing and utilities (+6.9% vs +6.2% in November) and recreation (+2.7% vs +2.1% in November).
Meanwhile, consumer prices increased 3.5% in annual terms in December, following a 3.8% increase in the previous month.
Lastly, harmonized consumer prices fell 0.04% in December in month-on-month terms, following a 0.34% decline in the previous month.