Economists: Latvia's inflation could reach 3.3–3.4% this year
Bank economists forecast that Latvia's annual inflation could land in the 3.3-3.4% range this year, with price growth expected to accelerate toward year-end mainly due to rising energy costs. The assessment is based on the latest consumer price data from the Central Statistical Bureau.
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Economists at Latvian banks estimate that the country's overall inflation this year could settle in the range of 3.3–3.4%. The assessment follows the release of the latest consumer price data by the Central Statistical Bureau (CSP).
Acceleration expected toward year-end
While the average rate for the year as a whole may remain relatively moderate, economists point out that price growth is likely to pick up pace as the year draws to a close. The main driver behind this expected acceleration is identified as rising energy prices.
The source does not provide further detail on how prices for specific categories of goods and services have moved, but the economists' assessment is based directly on the Central Statistical Bureau's latest consumer price data.
