In a sign of economic stabilization, Latvia's Consumer Price Index (CPI) remained unchanged in December 2024, maintaining the same rate as in November at 0.20%. The latest data update on January 10, 2025, confirms the steady CPI performance, reflecting a month-over-month comparison.
The unchanged CPI rate suggests the Latvian economy may be experiencing a balance, as previous fluctuations seem to have settled. This stability comes after a period of consistent fluctuations earlier in the year, offering a potential relief to consumers and policymakers looking for signs of economic steadiness.
The November and December comparisons show that inflation pressures that might have been seen earlier are currently at bay. As stakeholders await future data releases, the consistent CPI could signal a broader economic trend worth watching in the coming months. The next few months will determine if this steady rate is a temporary pause or indicative of longer-term trends within the Latvian economic landscape.
