Flash comment: Latvia - CPI April 2020
Annual inflation 0%

  • Prices of goods fell by 0.8% 
  • Prices of services rose by 2.1% 

Fuel prices and prices of housing related services pulled inflation down. Fuel prices followed global oil prices and were down by 20%. Housing related services were cheaper due to previously introduced administrative tariffs, which will likely continue to push down overall price level for a while. 

Important to know: the data of the “fragile” sectors affected by the pandemic were incomplete in April due to furlough.

PDF-Document Read full analysis here

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

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