Latvia Inflation Rate Rises to 3-Month High

2026-04-10 10:26 By Jereli Escobar 1 min. read

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.



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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.
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