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. source: Central Statistical Bureau of Latvia

Inflation Rate in Latvia decreased to 3.50 percent in December from 3.80 percent in November of 2025. Inflation Rate in Latvia averaged 4.09 percent from 1998 until 2025, 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 February of 2026.

Inflation Rate in Latvia decreased to 3.50 percent in December from 3.80 percent in November 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
2025-12-08 11:00 AM
Inflation Rate YoY
Nov 3.8% 4.3% 4.3%
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 3.5% 2.7%

Components Last Previous Unit Reference
Food Inflation 4.20 5.20 percent Dec 2025

Related Last Previous Unit Reference
CPI 151.80 151.90 points Dec 2025
CPI Housing Utilities 163.50 163.00 points Dec 2025
CPI Transportation 131.90 130.60 points Dec 2025
Export Prices 113.50 113.30 points Nov 2025
GDP Deflator 133.10 131.52 points Sep 2025
Import Prices 108.60 108.20 points Nov 2025
Inflation Rate YoY 3.50 3.80 percent Dec 2025
Inflation Rate MoM -0.10 -0.30 percent Dec 2025
Producer Prices 128.60 129.70 points Dec 2025
PPI YoY 1.00 2.10 percent Dec 2025


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
3.50 3.80 22.20 -4.30 1998 - 2025 percent Monthly
2015=100

News Stream
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
Latvia Inflation Rate Accelerates to Over 2-Year High
The annual inflation rate in Latvia rose to 4.3% in October 2025, from 4% in September, the highest since August 2023. Prices increased at a faster pace for housing (6.2% vs 4.1% in September), miscellaneous goods and services (4.5% vs 1.4%), and health (4% vs 3.7%). Meanwhile, inflation was steady for transport (at 2.6%) and recreation and culture (at 2.3%). On the other hand, cost slowed for food (5.6% vs 6.8%), alcohol and tobacco (2.4% vs 3.9%), clothing and footwear (1.4% vs 1.6%), communication (3% vs 3.3%) and restaurants and hotels (5.4% vs 5.7%). On a monthly basis, consumer prices rose by 0.4% in October, after a 0.2% increase in September.
2025-11-10