Latvia Annual Inflation Eases Slightly in October

2026-11-10 11:08 By Larissa Miranda 1 min. read

Latvia’s annual inflation rate eased to 3.1% in October 2026, the lowest since July, from 3.2% in September.

The slowdown was mainly due to a steeper fall in food prices (-5.3% vs -4.8%) and softer inflation for housing and utilities (6.8% vs 7.3%), restaurants and hotels (4.3% vs 5.7%), recreation, sports and culture (4.5% vs 5.6%), furnishings (1.3% vs 1.8%) and education (1.7% vs 1.8%).

In contrast, inflation accelerated for alcoholic beverages and tobacco (4.2% vs 2.3%), information and communication (2.3% vs 1.4%), health (3.5% vs 2.9%), insurance and financial services (7.2% vs 6.8%) and transport (12.8% vs 12.6%), while clothing and footwear prices rose 0.9% after a 0.4% decline.

On a monthly basis, consumer prices rose 0.4%, following a 0.2% increase in September.



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Latvia Annual Inflation Eases Slightly in October
Latvia’s annual inflation rate eased to 3.1% in October 2026, the lowest since July, from 3.2% in September. The slowdown was mainly due to a steeper fall in food prices (-5.3% vs -4.8%) and softer inflation for housing and utilities (6.8% vs 7.3%), restaurants and hotels (4.3% vs 5.7%), recreation, sports and culture (4.5% vs 5.6%), furnishings (1.3% vs 1.8%) and education (1.7% vs 1.8%). In contrast, inflation accelerated for alcoholic beverages and tobacco (4.2% vs 2.3%), information and communication (2.3% vs 1.4%), health (3.5% vs 2.9%), insurance and financial services (7.2% vs 6.8%) and transport (12.8% vs 12.6%), while clothing and footwear prices rose 0.9% after a 0.4% decline. On a monthly basis, consumer prices rose 0.4%, following a 0.2% increase in September.
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Latvia Annual Inflation Rate Steady at 3.2%
Latvia's annual inflation rate was unchanged at 3.2% in September 2026, holding steady from August. Inflation accelerated for transport (12.6% vs 8.6%), housing and utilities (7.3% vs 6.8%), furnishings (1.8% vs 0.5%) and information and communication (1.4% vs 1.1%). Meanwhile, inflation eased for restaurants and hotels (5.7% vs 7.6%), recreation, sports and culture (5.6% vs 6.5%), health (2.9% vs 4.2%), education (1.8% vs 3.4%) and alcoholic beverages and tobacco (2.3% vs 2.8%), and stood unchanged at 6.8% for insurance and financial services. Food prices fell 4.8%, a steeper decline than the 4% drop in August, while clothing and footwear prices declined 0.4% after a 0.7% rise. On a monthly basis, consumer prices edged up 0.2%, following a 0.3% increase in August.
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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.
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