Latvia: Harmonized inflation falls to lowest level since July 2021 in September
Harmonized inflation came in at 3.6% in September, which was down from August’s 5.6%. September’s figure represented the lowest inflation rate since July 2021. Looking at the details of the release, prices for food and non-alcoholic beverages rose at a weaker pace in September. In contrast, prices for transportation fell at a more moderate rate.
Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 14.0% in September (August: 15.6%). Meanwhile, consumer price inflation fell to 3.4% in September, from August’s 5.3%.
Finally, harmonized consumer prices dropped 0.50% from the previous month in September, a less pronounced fall than August’s 0.54% drop.