The annual inflation rate rose to 3.4% year-on-year in March 2026 from 2.3% in the previous month, marking the highest level since December 2025. The increase was driven by a rebound in transport costs (7.3% vs -1.7% in February), mainly due to higher fuel prices (18.5%), with diesel jumping 24.1%, gasoline up 7.5%, and LPG rising 4.3%. Inflation also picked up in alcoholic beverages and tobacco (0.9% vs 0.6%), recreation, sports, and culture (3.4% vs 1.4%), and furnishings, household maintenance, and equipment (1.5% vs 0.9%), while healthcare costs were unchanged at 4.1%. At the same time, price growth slowed in several categories, including food and non-alcoholic beverages (1.1% vs 2.4%), clothing and footwear (2.1% vs 2.9%), housing and utilities (4.8% vs 5.3%), information and communication (1.4% vs 2.5%), education (4.6% vs 5.1%), and restaurants and hotels (4.2% vs 4.4%). On a monthly basis, consumer prices accelerated by 1.9% in February from 0.2% in the previous month. source: Central Statistical Bureau of Latvia

Inflation Rate in Latvia increased to 3.40 percent in March from 2.30 percent in February of 2026. Inflation Rate in Latvia averaged 4.08 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 April of 2026.

Inflation Rate in Latvia increased to 3.40 percent in March from 2.30 percent in February of 2026. Inflation Rate in Latvia is expected to be 3.00 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
2026-03-10 11:00 AM
Inflation Rate YoY
Feb 2.3% 2.9% 2.2%
2026-04-10 10:00 AM
Inflation Rate YoY
Mar 3.4% 2.3% 3.5%
2026-05-12 10:00 AM
Inflation Rate YoY
Apr 3.4%

Components Last Previous Unit Reference
Food Inflation 1.10 2.40 percent Mar 2026

Related Last Previous Unit Reference
CPI 102.70 100.80 points Mar 2026
CPI Housing Utilities 103.90 105.10 points Mar 2026
CPI Transportation 106.90 98.60 points Mar 2026
Export Prices 114.30 113.00 points Jan 2026
GDP Deflator 136.04 133.65 points Dec 2025
Import Prices 108.50 107.50 points Jan 2026
Inflation Rate YoY 3.40 2.30 percent Mar 2026
Inflation Rate MoM 1.90 0.20 percent Mar 2026
Producer Prices 130.70 130.20 points Feb 2026
PPI YoY -0.80 2.10 percent Feb 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
3.40 2.30 22.20 -4.30 1998 - 2026 percent Monthly
2015=100

News Stream
Latvia Inflation Rate Rises to 3-Month High
The annual inflation rate rose to 3.4% year-on-year in March 2026 from 2.3% in the previous month, marking the highest level since December 2025. The increase was driven by a rebound in transport costs (7.3% vs -1.7% in February), mainly due to higher fuel prices (18.5%), with diesel jumping 24.1%, gasoline up 7.5%, and LPG rising 4.3%. Inflation also picked up in alcoholic beverages and tobacco (0.9% vs 0.6%), recreation, sports, and culture (3.4% vs 1.4%), and furnishings, household maintenance, and equipment (1.5% vs 0.9%), while healthcare costs were unchanged at 4.1%. At the same time, price growth slowed in several categories, including food and non-alcoholic beverages (1.1% vs 2.4%), clothing and footwear (2.1% vs 2.9%), housing and utilities (4.8% vs 5.3%), information and communication (1.4% vs 2.5%), education (4.6% vs 5.1%), and restaurants and hotels (4.2% vs 4.4%). On a monthly basis, consumer prices accelerated by 1.9% in February from 0.2% in the previous month.
2026-04-10
Latvia Inflation Hits Over 1-Year Low
The annual inflation rate eased to 2.3% in February 2026 from 2.9% in the previous month, marking its lowest level since November 2024. Costs slowed across key categories, including food and non-alcoholic beverages (2.4% vs 3.9% in January), housing and utilities (5.3% vs 6%), alcoholic beverages and tobacco (0.6% vs 0.8%), and recreation, sports, and culture (1.4% vs 1.5%). Similarly, costs moderated in furnishings, routine household maintenance and equipment (0.9% vs 2.5%), education (5.1% vs 9.8%), and personal care, social protection, and miscellaneous goods and services (3.2% vs 4.8%). Meanwhile, deflation in transport eased (-1.7% vs -2.2%). By contrast, inflation picked up in health (4.1% vs 3%), clothing and footwear (2.9% vs 2.4%), and restaurants and accommodation services (4.4% vs 4.3%). On a monthly basis, consumer prices edged up 0.2% in February, following a flat reading in January.
2026-03-10
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