Latvia Annual Inflation Accelerates

2026-09-08 10:09 By Larissa Caser 1 min. read

Latvia’s annual inflation rate accelerated to 3.2% in August 2026 from 2.6% in the previous month.

The acceleration was mainly due to higher price growth for transports, which rose sharply to 8.6% from 4.8% in July, as well as recreation, sports and culture (6.5% vs 4.8%), restaurants and hotels (7.6% vs 6.9%), health (4.2% vs 3.8%), alcoholic beverages and tobacco (2.8% vs 1.1%) and insurance and financial services (6.8% vs 5.9%).

Meanwhile, inflation for housing and utilities remained unchanged at 6.8%.

In contrast, food prices continued to decline, falling sharply by 4% compared with a 3.1% drop in the prior month, while inflation moderated for clothing and footwear (0.7% vs 1.1%).

On a monthly basis, consumer prices edged up 0.3% following a 0.7% decline in July.



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Latvia Annual Inflation Accelerates
Latvia’s annual inflation rate accelerated to 3.2% in August 2026 from 2.6% in the previous month. The acceleration was mainly due to higher price growth for transports, which rose sharply to 8.6% from 4.8% in July, as well as recreation, sports and culture (6.5% vs 4.8%), restaurants and hotels (7.6% vs 6.9%), health (4.2% vs 3.8%), alcoholic beverages and tobacco (2.8% vs 1.1%) and insurance and financial services (6.8% vs 5.9%). Meanwhile, inflation for housing and utilities remained unchanged at 6.8%. In contrast, food prices continued to decline, falling sharply by 4% compared with a 3.1% drop in the prior month, while inflation moderated for clothing and footwear (0.7% vs 1.1%). On a monthly basis, consumer prices edged up 0.3% following a 0.7% decline in July.
2026-09-08
Latvia Annual Inflation Slows in July
Latvia’s annual inflation rate eased to 2.6% in July 2026 from 3.4% in June, the lowest since February. The slowdown was mainly driven by a sharper decline in food prices, which fell 3.1% after a 0.9% drop in June. Inflation also eased for housing and utilities (6.8% vs 7.2%), transport (4.8% vs 7.1%), restaurants and hotels (6.9% vs 7.9%), healthcare (3.8% vs 4%), information and communications (1.5% vs 2.1%) and furnishings (1.1% vs 1.4%). Meanwhile, inflation stood at 4.8% for recreation, sports and culture and 3.5% for education. In contrast, price growth accelerated for insurance and financial services (5.9% vs 5.2%) and alcoholic beverages and tobacco (1.1% vs 0.9%). On a monthly basis, consumer prices fell 0.7%, following a flat reading in June.
2026-08-11
Latvia Inflation Rate Eases in June
The annual inflation rate in Latvia eased to 3.4% in June 2026, down from 3.5% in May. Food prices declined at a slightly faster pace (-0.9% vs. -0.8%), while deflation for clothing and footwear deepened (-0.6% vs. -0.1%). Price growth eased for transport (7.1% vs 11.1%), restaurants & hotels (7.9% vs 9.5%) and health (4% vs 4.9%). Meanwhile, inflation accelerated for housing & utilities (7.2% vs 5.8%), recreation & culture (4.8% vs 3.2%), alcoholic beverages & tobacco (0.9% vs 0.4%), furnishings & household equipment (1.4% vs 0.1%), insurance and financial services (5.2% vs 3%) and education (3.5% vs 3.4%). Inflation for information and communications stood at 2.1%. On a monthly basis, consumer prices were unchanged after rising 0.5% in May.
2026-07-08