Latvia’s annual inflation rate rose to 4.8 percent in September of 2021, following a 3.7 percent increase in the previous month. It was the highest inflation rate since May 2011. Main upward pressure came from prices of housing and utilities (10.1 percent vs 6.8 percent in August); transport (9.4 percent vs 8.8 percent); food and non-alcoholic beverages (3.8 percent vs 2.2 percent) and healthcare (3.2 percent vs 2.5 percent). Meanwhile, costs slowed for clothing and footwear (3.6 percent vs 4.7 percent) and inflation remained barely unchanged for alcoholic beverages and tobacco products at 2 percent. On a monthly basis, consumer prices advanced by 1.1 percent after a 0.4 hike in August. source: Central Statistical Bureau of Latvia

Inflation Rate in Latvia averaged 3.42 percent from 1998 until 2021, reaching an all time high of 17.70 percent in May of 2008 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 October of 2021.

Inflation Rate in Latvia is expected to be 2.90 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 2.00 percent in 2022 and 2.20 percent in 2023, according to our econometric models.

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Latvia Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-08 10:00 AM Aug 3.7% 2.8% 3.6%
2021-10-08 10:00 AM Sep 4.8% 3.7% 4.5%
2021-11-08 11:00 AM Oct 4.8%


News Stream
Latvia September Inflation at Near 10-1/2-Year High
Latvia’s annual inflation rate rose to 4.8 percent in September of 2021, following a 3.7 percent increase in the previous month. It was the highest inflation rate since May 2011. Main upward pressure came from prices of housing and utilities (10.1 percent vs 6.8 percent in August); transport (9.4 percent vs 8.8 percent); food and non-alcoholic beverages (3.8 percent vs 2.2 percent) and healthcare (3.2 percent vs 2.5 percent). Meanwhile, costs slowed for clothing and footwear (3.6 percent vs 4.7 percent) and inflation remained barely unchanged for alcoholic beverages and tobacco products at 2 percent. On a monthly basis, consumer prices advanced by 1.1 percent after a 0.4 hike in August.
2021-10-08
Latvia Inflation Rate Rises to Over 9-½- Year High
Latvia’s annual inflation rate rose to 3.7 percent in August of 2021, following a 2.8 percent increase in the previous month. It was the highest inflation rate since December 2011. Main upward pressure came from transport (8.8 percent vs 7.8 percent in July); housing (6.8 percent vs 4.1 percent); clothing and footwear (4.7 percent vs 2.8 percent); food and non-alcoholic beverages (2.2 percent vs 1.4 percent); and alcoholic beverages and tobacco products (2 percent vs 1.4 percent). On a monthly basis, consumer prices increased 0.4 percent, the same as in July.
2021-09-08
Latvia Inflation Rate Picks Up to 23-Month High
Latvia's annual inflation rose to 2.8 percent in July of 2021 from 2.7 percent in the previous month, reaching a new high since August of 2019. Prices accelerated for housing & utilities (4.1 percent vs 0.7 percent in June); restaurant & hotels (2.2 percent vs 1.7 percent) and furnishing & household goods (2.6 percent vs 2.4 percent). On the other hand, cost slowed for food & non-alcoholic beverages (1.3 percent vs 2 percent); transport (7.8 percent vs 8.3 percent); miscellaneous goods & services (0.7 percent vs 1.5 percent) and clothing & footwear (2.8 percent vs 4 percent). On a monthly basis, consumer prices went up 0.4 percent, following a 0.3 percent gain in June.
2021-08-09

Latvia Last Unit Reference Previous Highest Lowest
Inflation Rate 4.80 percent Sep/21 3.70 17.70 -4.30
Inflation Rate Mom 1.10 percent Sep/21 0.40 3.50 -1.10
Consumer Price Index CPI 113.90 points Sep/21 112.70 113.90 22.60
GDP Deflator 1.15 percent Jun/21 1.15 1.15 0.37
Producer Prices 126.50 points Sep/21 123.10 126.50 50.90
Producer Prices Change 21.20 percent Sep/21 18.30 21.20 -9.30
Export Prices 121.30 points Aug/21 120.00 121.30 43.70
Import Prices 106.70 points Aug/21 105.00 106.70 52.40
Food Inflation 3.80 percent Sep/21 2.20 21.60 -7.80
CPI Transportation 110.90 points Sep/21 111.10 111.60 55.30
CPI Housing Utilities 114.20 points Sep/21 110.70 114.20 35.10


Latvia Inflation Rate
In Latvia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (23.7 percent of total weight). Housing and Utilities accounts for 16.2 percent; Transport for 13.6 percent; Alcoholic beverages and Tobacco for 8.2 percent; Recreation and Culture for 8 percent and Clothing and Footwear for 5.8 percent. Health; Miscellaneous Goods and Services; Furniture, Household Goods and Maintenance; Restaurants and Hotels; Communication and Education account for the remaining 24.5 percent of total weight.