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Latvia Harmonised Inflation Rate Year-over-Year (YoY)
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The current value of the Harmonised Inflation Rate Year-over-Year (YoY) in Latvia is 1 %. The Harmonised Inflation Rate Year-over-Year (YoY) in Latvia increased to 1 % on 3/1/2024, after it was 0.6 % on 2/1/2024. From 1/1/1997 to 5/1/2024, the average GDP in Latvia was 4.29 %. The all-time high was reached on 9/1/2022 with 22.4 %, while the lowest value was recorded on 2/1/2010 with -4.3 %.
Source: EUROSTATHarmonised Inflation Rate Year-over-Year (YoY) ·
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| Harmonized Inflation Rate YoY | |
|---|---|
| 1/1/1997 | 11.2 % |
| 2/1/1997 | 9.8 % |
| 3/1/1997 | 8.5 % |
| 4/1/1997 | 8.6 % |
| 5/1/1997 | 8.9 % |
| 6/1/1997 | 7.5 % |
| 7/1/1997 | 6.9 % |
| 8/1/1997 | 8 % |
| 9/1/1997 | 7.5 % |
| 10/1/1997 | 7.1 % |
| 11/1/1997 | 6.9 % |
| 12/1/1997 | 6.4 % |
| 1/1/1998 | 5.7 % |
| 2/1/1998 | 5.4 % |
| 3/1/1998 | 5.3 % |
| 4/1/1998 | 5.3 % |
| 5/1/1998 | 4.7 % |
| 6/1/1998 | 5.1 % |
| 7/1/1998 | 4.5 % |
| 8/1/1998 | 3.7 % |
| 9/1/1998 | 3.6 % |
| 10/1/1998 | 2.9 % |
| 11/1/1998 | 2.7 % |
| 12/1/1998 | 2.7 % |
| 1/1/1999 | 2.3 % |
| 2/1/1999 | 2.3 % |
| 3/1/1999 | 2 % |
| 4/1/1999 | 1.2 % |
| 5/1/1999 | 1.7 % |
| 6/1/1999 | 1.7 % |
| 7/1/1999 | 1.6 % |
| 8/1/1999 | 1.8 % |
| 9/1/1999 | 2.1 % |
| 10/1/1999 | 2.6 % |
| 11/1/1999 | 3 % |
| 12/1/1999 | 3 % |
| 1/1/2000 | 3.1 % |
| 2/1/2000 | 3.4 % |
| 3/1/2000 | 3.2 % |
| 4/1/2000 | 3.7 % |
| 5/1/2000 | 3 % |
| 6/1/2000 | 2.4 % |
| 7/1/2000 | 2.8 % |
| 8/1/2000 | 2.5 % |
| 9/1/2000 | 2.2 % |
| 10/1/2000 | 2 % |
| 11/1/2000 | 1.6 % |
| 12/1/2000 | 1.7 % |
| 1/1/2001 | 1.3 % |
| 2/1/2001 | 0.7 % |
| 3/1/2001 | 1.4 % |
| 4/1/2001 | 1.4 % |
| 5/1/2001 | 2.7 % |
| 6/1/2001 | 3.2 % |
| 7/1/2001 | 3.2 % |
| 8/1/2001 | 3.1 % |
| 9/1/2001 | 3.7 % |
| 10/1/2001 | 3.3 % |
| 11/1/2001 | 3.1 % |
| 12/1/2001 | 3.2 % |
| 1/1/2002 | 3.5 % |
| 2/1/2002 | 3.3 % |
| 3/1/2002 | 3.2 % |
| 4/1/2002 | 2.9 % |
| 5/1/2002 | 2.1 % |
| 6/1/2002 | 1 % |
| 7/1/2002 | 1 % |
| 8/1/2002 | 0.9 % |
| 9/1/2002 | 1.1 % |
| 10/1/2002 | 1.7 % |
| 11/1/2002 | 1.6 % |
| 12/1/2002 | 1.5 % |
| 1/1/2003 | 1.5 % |
| 2/1/2003 | 2.1 % |
| 3/1/2003 | 2.2 % |
| 4/1/2003 | 2.5 % |
| 5/1/2003 | 2.5 % |
| 6/1/2003 | 3.7 % |
| 7/1/2003 | 3.8 % |
| 8/1/2003 | 3.4 % |
| 9/1/2003 | 3.1 % |
| 10/1/2003 | 3.3 % |
| 11/1/2003 | 3.6 % |
| 12/1/2003 | 3.6 % |
| 1/1/2004 | 3.9 % |
| 2/1/2004 | 4.3 % |
| 3/1/2004 | 4.8 % |
| 4/1/2004 | 5.1 % |
| 5/1/2004 | 6.2 % |
| 6/1/2004 | 6.1 % |
| 7/1/2004 | 6.6 % |
| 8/1/2004 | 7.7 % |
| 9/1/2004 | 7.7 % |
| 10/1/2004 | 7.2 % |
| 11/1/2004 | 7.2 % |
| 12/1/2004 | 7.3 % |
| 1/1/2005 | 6.7 % |
| 2/1/2005 | 7 % |
| 3/1/2005 | 6.5 % |
| 4/1/2005 | 7.1 % |
| 5/1/2005 | 6.5 % |
| 6/1/2005 | 6.5 % |
| 7/1/2005 | 6.3 % |
| 8/1/2005 | 6.3 % |
| 9/1/2005 | 7.4 % |
| 10/1/2005 | 7.7 % |
| 11/1/2005 | 7.5 % |
| 12/1/2005 | 7.1 % |
| 1/1/2006 | 7.5 % |
| 2/1/2006 | 7 % |
| 3/1/2006 | 6.6 % |
| 4/1/2006 | 6.1 % |
| 5/1/2006 | 7.1 % |
| 6/1/2006 | 6.3 % |
| 7/1/2006 | 7 % |
| 8/1/2006 | 6.8 % |
| 9/1/2006 | 5.9 % |
| 10/1/2006 | 5.6 % |
| 11/1/2006 | 6.3 % |
| 12/1/2006 | 6.7 % |
| 1/1/2007 | 7.1 % |
| 2/1/2007 | 7.2 % |
| 3/1/2007 | 8.5 % |
| 4/1/2007 | 8.8 % |
| 5/1/2007 | 7.8 % |
| 6/1/2007 | 8.9 % |
| 7/1/2007 | 9.5 % |
| 8/1/2007 | 10.2 % |
| 9/1/2007 | 11.5 % |
| 10/1/2007 | 13.2 % |
| 11/1/2007 | 13.7 % |
| 12/1/2007 | 14 % |
| 1/1/2008 | 15.6 % |
| 2/1/2008 | 16.5 % |
| 3/1/2008 | 16.6 % |
| 4/1/2008 | 17.4 % |
| 5/1/2008 | 17.7 % |
| 6/1/2008 | 17.5 % |
| 7/1/2008 | 16.5 % |
| 8/1/2008 | 15.6 % |
| 9/1/2008 | 14.7 % |
| 10/1/2008 | 13.7 % |
| 11/1/2008 | 11.6 % |
| 12/1/2008 | 10.4 % |
| 1/1/2009 | 9.7 % |
| 2/1/2009 | 9.4 % |
| 3/1/2009 | 7.9 % |
| 4/1/2009 | 5.9 % |
| 5/1/2009 | 4.4 % |
| 6/1/2009 | 3.1 % |
| 7/1/2009 | 2.1 % |
| 8/1/2009 | 1.5 % |
| 9/1/2009 | 0.1 % |
| 9/1/2010 | 0.3 % |
| 10/1/2010 | 0.9 % |
| 11/1/2010 | 1.7 % |
| 12/1/2010 | 2.4 % |
| 1/1/2011 | 3.5 % |
| 2/1/2011 | 3.8 % |
| 3/1/2011 | 4.1 % |
| 4/1/2011 | 4.3 % |
| 5/1/2011 | 4.8 % |
| 6/1/2011 | 4.7 % |
| 7/1/2011 | 4.2 % |
| 8/1/2011 | 4.6 % |
| 9/1/2011 | 4.5 % |
| 10/1/2011 | 4.3 % |
| 11/1/2011 | 4 % |
| 12/1/2011 | 3.9 % |
| 1/1/2012 | 3.4 % |
| 2/1/2012 | 3.3 % |
| 3/1/2012 | 3.2 % |
| 4/1/2012 | 2.8 % |
| 5/1/2012 | 2.3 % |
| 6/1/2012 | 2.1 % |
| 7/1/2012 | 1.9 % |
| 8/1/2012 | 1.9 % |
| 9/1/2012 | 1.9 % |
| 10/1/2012 | 1.6 % |
| 11/1/2012 | 1.5 % |
| 12/1/2012 | 1.6 % |
| 1/1/2013 | 0.6 % |
| 2/1/2013 | 0.3 % |
| 3/1/2013 | 0.3 % |
| 6/1/2013 | 0.2 % |
| 7/1/2013 | 0.5 % |
| 1/1/2014 | 0.5 % |
| 2/1/2014 | 0.5 % |
| 3/1/2014 | 0.3 % |
| 4/1/2014 | 0.8 % |
| 5/1/2014 | 0.8 % |
| 6/1/2014 | 0.8 % |
| 7/1/2014 | 0.6 % |
| 8/1/2014 | 0.8 % |
| 9/1/2014 | 1.2 % |
| 10/1/2014 | 0.7 % |
| 11/1/2014 | 0.9 % |
| 12/1/2014 | 0.3 % |
| 3/1/2015 | 0.5 % |
| 4/1/2015 | 0.6 % |
| 5/1/2015 | 1.2 % |
| 6/1/2015 | 0.7 % |
| 8/1/2015 | 0.2 % |
| 12/1/2015 | 0.4 % |
| 7/1/2016 | 0.1 % |
| 9/1/2016 | 0.5 % |
| 10/1/2016 | 1.1 % |
| 11/1/2016 | 1.2 % |
| 12/1/2016 | 2.1 % |
| 1/1/2017 | 2.9 % |
| 2/1/2017 | 3.2 % |
| 3/1/2017 | 3.3 % |
| 4/1/2017 | 3.3 % |
| 5/1/2017 | 2.7 % |
| 6/1/2017 | 3.1 % |
| 7/1/2017 | 2.6 % |
| 8/1/2017 | 3.2 % |
| 9/1/2017 | 3 % |
| 10/1/2017 | 2.7 % |
| 11/1/2017 | 2.7 % |
| 12/1/2017 | 2.2 % |
| 1/1/2018 | 2 % |
| 2/1/2018 | 1.8 % |
| 3/1/2018 | 2.3 % |
| 4/1/2018 | 2.1 % |
| 5/1/2018 | 2.4 % |
| 6/1/2018 | 2.7 % |
| 7/1/2018 | 2.7 % |
| 8/1/2018 | 2.8 % |
| 9/1/2018 | 3.3 % |
| 10/1/2018 | 3.2 % |
| 11/1/2018 | 2.9 % |
| 12/1/2018 | 2.5 % |
| 1/1/2019 | 2.9 % |
| 2/1/2019 | 2.8 % |
| 3/1/2019 | 2.7 % |
| 4/1/2019 | 3.3 % |
| 5/1/2019 | 3.5 % |
| 6/1/2019 | 3.1 % |
| 7/1/2019 | 3 % |
| 8/1/2019 | 3.1 % |
| 9/1/2019 | 2.3 % |
| 10/1/2019 | 2.2 % |
| 11/1/2019 | 2 % |
| 12/1/2019 | 2.1 % |
| 1/1/2020 | 2.2 % |
| 2/1/2020 | 2.3 % |
| 3/1/2020 | 1.4 % |
| 7/1/2020 | 0.1 % |
| 3/1/2021 | 0.3 % |
| 4/1/2021 | 1.7 % |
| 5/1/2021 | 2.6 % |
| 6/1/2021 | 2.7 % |
| 7/1/2021 | 2.8 % |
| 8/1/2021 | 3.6 % |
| 9/1/2021 | 4.7 % |
| 10/1/2021 | 6 % |
| 11/1/2021 | 7.4 % |
| 12/1/2021 | 7.7 % |
| 1/1/2022 | 7.7 % |
| 2/1/2022 | 8.9 % |
| 3/1/2022 | 11.2 % |
| 4/1/2022 | 13.2 % |
| 5/1/2022 | 16.4 % |
| 6/1/2022 | 19 % |
| 7/1/2022 | 21 % |
| 8/1/2022 | 20.8 % |
| 9/1/2022 | 22.4 % |
| 10/1/2022 | 21.8 % |
| 11/1/2022 | 21.7 % |
| 12/1/2022 | 20.7 % |
| 1/1/2023 | 21.6 % |
| 2/1/2023 | 20.1 % |
| 3/1/2023 | 17.2 % |
| 4/1/2023 | 15 % |
| 5/1/2023 | 12.3 % |
| 6/1/2023 | 8.1 % |
| 7/1/2023 | 6.6 % |
| 8/1/2023 | 5.6 % |
| 9/1/2023 | 3.6 % |
| 10/1/2023 | 2.3 % |
| 11/1/2023 | 1.1 % |
| 12/1/2023 | 0.9 % |
| 1/1/2024 | 1.1 % |
| 2/1/2024 | 0.6 % |
| 3/1/2024 | 1 % |
Harmonised Inflation Rate Year-over-Year (YoY) History
| Date | Value |
|---|---|
| 3/1/2024 | 1 % |
| 2/1/2024 | 0.6 % |
| 1/1/2024 | 1.1 % |
| 12/1/2023 | 0.9 % |
| 11/1/2023 | 1.1 % |
| 10/1/2023 | 2.3 % |
| 9/1/2023 | 3.6 % |
| 8/1/2023 | 5.6 % |
| 7/1/2023 | 6.6 % |
| 6/1/2023 | 8.1 % |
Similar Macro Indicators to Harmonised Inflation Rate Year-over-Year (YoY)
| Name | Current | Previous | Frequency |
|---|---|---|---|
🇱🇻 Consumer Price Index (CPI) | 146.2 points | 146.1 points | Monthly |
🇱🇻 Consumer Price Index for Housing and Utilities | 153.8 points | 153.3 points | Monthly |
🇱🇻 Core Consumer Prices | 134.66 points | 134.07 points | Monthly |
🇱🇻 Core Inflation Rate | 4.1 % | 3.1 % | Monthly |
🇱🇻 CPI Transport | 134.5 points | 133.4 points | Monthly |
🇱🇻 Export Prices | 112.6 points | 111.9 points | Monthly |
🇱🇻 Food Inflation | 2.4 % | 1.5 % | Monthly |
🇱🇻 GDP Deflator | 1.454 % | 1.393 % | Quarter |
🇱🇻 Harmonized Consumer Prices | 145.99 points | 145.43 points | Monthly |
🇱🇻 Harmonized Inflation Rate MoM | 0 % | 0.4 % | Monthly |
🇱🇻 Import Prices | 107.9 points | 108.2 points | Monthly |
🇱🇻 Inflation Rate | 0.1 % | 1.1 % | Monthly |
🇱🇻 Inflation Rate MoM | 0.3 % | 0.5 % | Monthly |
🇱🇻 Producer Price Change | -1.9 % | -3.3 % | Monthly |
🇱🇻 Producer Price Inflation MoM | 0.2 % | 0.4 % | Monthly |
🇱🇻 Producer prices | 127.5 points | 127.3 points | Monthly |
The Harmonised Index of Consumer Prices (HICP) serves as a key indicator of inflation and price stability for the European Central Bank (ECB). Compiled by Eurostat and national statistical institutes using harmonised statistical methods, the HICP enables consistent measurement of inflation across Europe. The ECB aims to keep annual inflation rates, as measured by the HICP, below but close to 2% over the medium term.
Macro pages for other countries in Europe
- 🇦🇱Albania
- 🇦🇹Austria
- 🇧🇾Belarus
- 🇧🇪Belgium
- 🇧🇦Bosnia and Herzegovina
- 🇧🇬Bulgaria
- 🇭🇷Croatia
- 🇨🇾Cyprus
- 🇨🇿Czech Republic
- 🇩🇰Denmark
- 🇪🇪Estonia
- 🇫🇴Faroe Islands
- 🇫🇮Finland
- 🇫🇷France
- 🇩🇪Germany
- 🇬🇷Greece
- 🇭🇺Hungary
- 🇮🇸Island
- 🇮🇪Ireland
- 🇮🇹Italy
- 🇽🇰Kosovo
- 🇱🇮Liechtenstein
- 🇱🇹Lithuania
- 🇱🇺Luxembourg
- 🇲🇰North Macedonia
- 🇲🇹Malta
- 🇲🇩Moldova
- 🇲🇨Monaco
- 🇲🇪Montenegro
- 🇳🇱Netherlands
- 🇳🇴Norway
- 🇵🇱Poland
- 🇵🇹Portugal
- 🇷🇴Romania
- 🇷🇺Russia
- 🇷🇸Serbia
- 🇸🇰Slovakia
- 🇸🇮Slovenia
- 🇪🇸Spain
- 🇸🇪Sweden
- 🇨🇭Switzerland
- 🇺🇦Ukraine
- 🇬🇧United Kingdom
- 🇦🇩Andorra
What is Harmonised Inflation Rate Year-over-Year (YoY)?
Understanding the underlying metrics behind macroeconomic indicators is crucial for analysts, investors, policymakers, and economists alike. One of the essential metrics regularly monitored and referenced is the Harmonised Inflation Rate Year-over-Year (YoY). At Eulerpool, we pride ourselves on delivering a comprehensive collection of macroeconomic data, and the Harmonised Inflation Rate YoY is no exception. Here, we delve into its significance, calculation, impacts, and applications, providing a thorough understanding of this pivotal economic statistic. The Harmonised Inflation Rate YoY, often referred to as HICP (Harmonised Index of Consumer Prices), measures the price changes of goods and services purchased by households over a year. The term "harmonised" signifies the adherence to an internationally adopted methodology, allowing for comparison across different countries, particularly within the European Union. This standardization is vital as it ensures consistency, reliability, and comparability of data, providing a clear picture of inflation across different economies. The primary purpose of tracking the Harmonised Inflation Rate YoY is to observe the general movement of prices in the economy, which in turn reflects the cost of living and purchasing power of consumers. It holds immense importance as a gauge for monetary policy decisions. Central banks, such as the European Central Bank (ECB), closely monitor HICP when setting interest rates and implementing measures to either combat inflation or stimulate economic growth. A higher-than-expected inflation rate might prompt central banks to raise interest rates to cool down the economy, while an unexpectedly low rate can lead to policy easing to spur spending and investment. Calculating the Harmonised Inflation Rate YoY involves comparing the current month's HICP with the same month in the previous year. The HICP itself is constructed through an aggregation of individual price indices of various goods and services, weighted according to their significance in the average household's consumption basket. This involves ongoing data collection from numerous retail outlets, service providers, and other relevant sources. The chosen methodology and rigorous data gathering ensure the index accurately mirrors the evolving consumption patterns and price trends. Economic agents look at the Harmonised Inflation Rate YoY not just as an isolated number but also in conjunction with other indicators. For instance, the interplay between the inflation rate and wage growth can reveal whether incomes are keeping pace with rising prices, thereby influencing consumer spending behavior. At the same time, investors may analyze the inflation rate alongside interest rates, currency strength, and economic growth figures to adapt their investment strategies and hedge against potential risks. Inflation's ripple effect extends beyond mere economics; it permeates numerous facets of society. Persistent high inflation can erode savings, disproportionately affect low-income households, and destabilize economic growth. Consequently, a comprehensive understanding of the Harmonised Inflation Rate YoY becomes indispensable for formulating sound fiscal and social policies. It assists governments and international organizations in designing measures that mitigate the adverse effects of inflation on vulnerable segments of the population while ensuring economic stability. Trade and international competitiveness also come within the ambit of inflation analysis. Differential inflation rates among countries can lead to shifts in trade balances, impacting exchange rates and international investments. As businesses navigate through global markets, keeping an eye on HICP helps them strategize pricing, manage costs, and align their operations with prevailing economic conditions. Similarly, policymakers leverage this metric to craft trade policies and negotiate international agreements that foster economic prosperity. At Eulerpool, our objective is to empower users with accurate, timely, and actionable economic data. By presenting the Harmonised Inflation Rate YoY alongside other macroeconomic indicators, we facilitate a holistic view of economic dynamics, aiding in more informed decision-making. Our platform stands out for its meticulous attention to data accuracy, comprehensible presentation, and insightful analysis, making it an invaluable tool for professionals across the economic and financial spectrum. Understanding the nuances of the Harmonised Inflation Rate YoY is pivotal in the broader context of economic analysis and policy formulation. It encapsulates the delicate balance between maintaining price stability and fostering economic growth. As economies grapple with various challenges—from economic shocks and fiscal imbalances to evolving consumer behaviors and technological advancements—the role of HICP becomes ever more pronounced. Accurate, consistent, and comparative data like the Harmonised Inflation Rate YoY provide a steadfast foundation for navigating the complex landscape of modern economics. In conclusion, the Harmonised Inflation Rate YoY is a cornerstone of macroeconomic analysis, indispensable for a myriad of stakeholders, including central banks, policymakers, investors, and businesses. At Eulerpool, we are committed to delivering high-quality, reliable data, enabling our users to comprehend and leverage economic indicators effectively. Our detailed coverage and insightful presentation of the Harmonised Inflation Rate YoY ensure that you are well-equipped to analyze inflation trends, make informed decisions, and develop strategic foresight in a dynamic economic environment.