The annual inflation rate slowed to 2.9% in January 2025 from 3.5% in December, marking the lowest reading since November 2024. The CSB will use a new reference period in calculating the consumer price index, with the average level of 2025 assigned an index value of 100. The CPI in Latvia and the European Union is compiled in accordance with the updated European Classification of Individual Consumption According to Purpose (ECOICOP), version 2. Prices moderated for food and non-alcoholic beverages (3.9% vs 4.2% in December) and housing (6% vs 6.9%), while costs slipped for transport (-2.2% vs 0.6%). Overall inflation was also influenced by slower price growth in recreation, sport and culture (1.5% vs 2.6%) and information and communication (2.5% vs 2.8%). Meanwhile, costs accelerated for alcoholic beverages and tobacco (0.8% vs 0.2%), health (3% vs 2.5%), and clothing and footwear (2.4% vs 2%). On a monthly basis, consumer prices stalled after a 0.1% fall in December 2025. source: Central Statistical Bureau of Latvia

Inflation Rate in Latvia decreased to 2.90 percent in January from 3.50 percent in December of 2025. Inflation Rate in Latvia averaged 4.09 percent from 1998 until 2026, reaching an all time high of 22.20 percent in September of 2022 and a record low of -4.30 percent in February of 2010. This page provides - Latvia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.

Inflation Rate in Latvia decreased to 2.90 percent in January from 3.50 percent in December of 2025. Inflation Rate in Latvia is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Inflation Rate is projected to trend around 2.20 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-13 11:00 AM
Inflation Rate YoY
Dec 3.5% 3.8% 3.5%
2026-02-11 11:00 AM
Inflation Rate YoY
Jan 2.9% 3.5% 2.7%
2026-03-10 11:00 AM
Inflation Rate YoY
Feb 2.9%

Components Last Previous Unit Reference
Food Inflation 3.90 4.20 percent Jan 2026

Related Last Previous Unit Reference
CPI 100.50 100.50 points Jan 2026
CPI Housing Utilities 104.70 102.20 points Jan 2026
CPI Transportation 97.00 100.20 points Jan 2026
Export Prices 113.00 113.50 points Dec 2025
GDP Deflator 136.04 133.65 points Dec 2025
Import Prices 107.50 108.60 points Dec 2025
Inflation Rate YoY 2.90 3.50 percent Jan 2026
Inflation Rate MoM 0.00 -0.10 percent Jan 2026
Producer Prices 129.10 128.30 points Jan 2026
PPI YoY 1.20 0.70 percent Jan 2026


Latvia Inflation Rate
In Latvia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (26 percent of total weight). Housing and Utilities accounts for 17 percent; Transport for 14 percent; Alcoholic beverages and Tobacco for 8 percent; Recreation and Culture for 7 percent; Health for 6 percent; and Clothing and Footwear for 5 percent. Miscellaneous Goods and Services; Furniture, Household Equipment and Maintenance; Restaurants and Hotels; Communication; and Education account for the remaining 17 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.50 22.20 -4.30 1998 - 2026 percent Monthly
2015=100

News Stream
Latvia Inflation Rate Hits 14-Month Low
The annual inflation rate slowed to 2.9% in January 2025 from 3.5% in December, marking the lowest reading since November 2024. The CSB will use a new reference period in calculating the consumer price index, with the average level of 2025 assigned an index value of 100. The CPI in Latvia and the European Union is compiled in accordance with the updated European Classification of Individual Consumption According to Purpose (ECOICOP), version 2. Prices moderated for food and non-alcoholic beverages (3.9% vs 4.2% in December) and housing (6% vs 6.9%), while costs slipped for transport (-2.2% vs 0.6%). Overall inflation was also influenced by slower price growth in recreation, sport and culture (1.5% vs 2.6%) and information and communication (2.5% vs 2.8%). Meanwhile, costs accelerated for alcoholic beverages and tobacco (0.8% vs 0.2%), health (3% vs 2.5%), and clothing and footwear (2.4% vs 2%). On a monthly basis, consumer prices stalled after a 0.1% fall in December 2025.
2026-02-11
Latvia Inflation Hits 9-Month Low
The annual inflation rate eased to 3.5% in December 2025 from 3.8% in the previous month, marking the lowest level since March. The slowdown was driven by softer price growth in food and non-alcoholic beverages (4.2% vs 5.2% in November), alcohol and tobacco (0.2% vs 2.1%), and health care (2.5% vs 3.7%). Inflation also moderated in transport-related goods and services (0.6% vs 2.2%), restaurant and hotel services (4.2% vs 5.4%), and education (10.0% vs 10.8%). Meanwhile, price pressures picked up in housing and utilities (6.9% vs 6.2%), furnishings and household maintenance (2.3% vs -0.2%), recreation and culture (2.6% vs 2.0%), communication (2.8% vs 2.7%), clothing and footwear (2.0% vs 1.7%), and miscellaneous goods and services (4.0% vs 0.8%). On a monthly basis, consumer prices fell 0.1%, following a 0.3% decline in November.
2026-01-13
Latvia Inflation Slows to Four-Month Low in November
The annual inflation rate in Latvia slowed to 3.8% in November 2025, the lowest in four months, easing from 4.3% in October. The moderation was driven by slower price growth in food (5.2% vs 5.6%), transport (2.2% vs 2.6%), miscellaneous goods and services (0.8% vs 4.5%), recreation and culture (2.0% vs 2.3%), health (3.7% vs 4.0%), alcohol and tobacco (2.1% vs 2.4%) and communication (2.7% vs 3.0%). Prices remained stable for housing (6.2%) and restaurants and hotels (5.4%), while costs accelerated in clothing and footwear (1.7% vs 1.4%). On a monthly basis, consumer prices fell 0.3% in November, reversing a 0.4% increase in October and marking the sharpest decline since August 2024.
2025-12-08