Latvia: Harmonized inflation increases in August
Latest reading: Harmonized inflation ticked up to 0.9% in August, following July’s 0.8%. Looking at the details of the release, prices for food and non-alcoholic beverages, recreation, and hospitality rose at a quicker rate in August, outweighing a decline in prices for transportation.
The trend pointed down, with annual average harmonized inflation coming in at 1.2% in August (July: 1.6%). Meanwhile, consumer price inflation rose to 0.8% in August from the previous month’s 0.7%.
Finally, harmonized consumer prices fell 0.41% in August over the previous month, contrasting July’s 0.07% rise. August’s result marked the weakest reading since December 2023.