Latvia: Inflation decelerates in February from the prior month
Latest reading: Harmonized consumer prices increased 2.4% in annual terms in February, following a 2.9% increase in the prior month. February’s reading was the weakest since November 2024.
Relative to the previous month’s data, there were reduced price pressures for food and non-alcoholic beverages (+2.5% on a year-on-year basis vs +4.0% in January), housing and utilities (+5.3% vs +6.0% in January) and recreation (+1.3% vs +1.7% in January). In contrast, there were higher price pressures for transportation (-1.6% vs -2.2% in January) and restaurants and hotels (+4.3% vs +4.0% in January).
Meanwhile, consumer prices increased 2.3% on a year-on-year basis in February, following a 2.9% rise in the prior month.
Lastly, harmonized consumer prices were up 0.26% in February on a month-on-month basis, following a 0.06% fall in the previous month.