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. source: Central Statistical Bureau of Latvia

Inflation Rate in Latvia decreased to 3.10 percent in October from 3.20 percent in September of 2026. Inflation Rate in Latvia averaged 4.06 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 November of 2026.

Inflation Rate in Latvia decreased to 3.10 percent in October from 3.20 percent in September of 2026. Inflation Rate in Latvia is expected to be 3.60 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 3.70 percent in 2027 and 3.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-08 10:00 AM
Inflation Rate YoY
Sep 3.2% 3.2% 3.3%
2026-11-10 11:00 AM
Inflation Rate YoY
Oct 3.1% 3.2% 3.3%
2026-12-08 11:00 AM
Inflation Rate YoY
Nov 3.1%



Components Last Previous Unit Reference
Food Inflation -5.30 -4.80 percent Oct 2026

Related Last Previous Unit Reference
CPI 104.00 103.70 points Oct 2026
CPI Housing Utilities 108.80 107.60 points Oct 2026
CPI Transportation 113.20 111.40 points Oct 2026
Export Prices 117.20 116.30 points Aug 2026
GDP Deflator 140.36 135.68 points Jun 2026
Import Prices 115.70 112.20 points Aug 2026
Inflation Rate YoY 3.10 3.20 percent Oct 2026
Inflation Rate MoM 0.40 0.20 percent Oct 2026
Producer Prices 132.00 131.40 points Sep 2026
PPI YoY 3.10 2.70 percent Sep 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
3.10 3.20 22.20 -4.30 1998 - 2026 percent Monthly
2015=100

News Stream
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.
2026-11-10
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.
2026-10-08
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