Flash comment: Latvia CPI January 2020
Annual headline inflation at 2.2% in the first month of 2020

In January, monthly headline inflation was 0.4%, and annual inflation rate was at 2.2%. Prices of goods grew by 2% on annual basis, and prices of services by 2.7%. 

The main drivers of annual inflation in January were transport, food, alcohol and tobacco. These categories might be the main drivers of price growth this year. Meanwhile, housing related services lost the impact due to reduced gas and electricity bills, as the result did not contribute to annual inflation in January.

We expect inflation to remain moderate at 2.4% in 2020.

For more information please contact Ms. Laimdota Komare, +371 67444213, laimdota.komare@swedbank.lv 

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