Latvia inflation December 2022

Harmonized inflation stood at 20.7% in December, down from 21.7% in November. The December determine marked the weakest inflation fee since June, but additionally remained the best within the Baltics and the euro zone. Earnings had been primarily pushed by a extra average improve in meals and non-alcoholic beverage costs. As well as, pricing pressures elevated to a lesser extent in transportation, housing and utilities.

However, the harmonized inflation rose to 17.2% on an annual common in December (November: 16.2%). In the meantime, client worth inflation fell to twenty.9% in December from 21.8% in November.

Lastly, harmonized client costs fell by 0.45% mother in December, in distinction to November’s rise of 1.06%. The December end result marked the weakest studying since April 2020.

Our panelists see harmonized inflation averaging 9.5% in 2023, up 0.6 share factors from final month’s forecast and a couple of.9% in 2024.