Latvia: Harmonized inflation rises to over one-year high in April
Latest reading: Harmonized inflation came in at 4.0% in April, up from March’s 3.5%. April’s result was the highest inflation rate since August 2023. The pick-up was broad-based, with greater price pressures recorded for food and non-alcoholic beverages, housing and utilities, and recreation. Additionally, transport costs fell at a softer pace than in March.
The trend pointed up mildly, with annual average harmonized inflation coming in at 2.2% in April (March: 2.0%). Meanwhile, consumer price inflation rose to 3.9% in April from the previous month’s 3.4%.
Lastly, harmonized consumer prices increased 1.09% in April over the previous month, accelerating from March’s 0.90% rise. April’s result marked the sharpest increase in prices since March 2024.