Oskars Niks Mālnieks

Oskars Niks Mālnieks is an economist at Swedbank in Latvia, known for his insights into inflation trends and consumer price dynamics. Recently, he highlighted that food prices in Latvia have increased by 7.5% compared to the previous year and have decreased by 0.3% since July, pointing to the impact of poor harvests on food costs. He noted that the relatively low decrease in food prices this August, one of the smallest since 2005, reflects ongoing challenges in the agricultural sector. Mālnieks also emphasized the influence of housing and energy prices on overall inflation, forecasting that inflation in Latvia will stabilize around 4% for the remainder of the year.