Inflation Rate in Latvia increased to 21.50 percent in July from 19.30 percent in June of 2022. source: Central Statistical Bureau of Latvia

Inflation Rate in Latvia averaged 3.71 percent from 1998 until 2022, reaching an all time high of 21.50 percent in July 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 August of 2022.

Inflation Rate in Latvia is expected to be 17.30 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 4.00 percent in 2023 and 1.20 percent in 2024, according to our econometric models.

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Latvia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-08 10:00 AM Jun 19.3% 16.9% 19.7%
2022-08-08 10:00 AM Jul 21.5% 19.3% 21%
2022-09-08 10:00 AM Aug


Related Last Previous Unit Reference
Inflation Rate 21.50 19.30 percent Jul 2022
Inflation Rate Mom 2.20 2.40 percent Jul 2022
Consumer Price Index CPI 136.40 133.50 points Jul 2022
GDP Deflator 1.29 1.20 percent Mar 2022
Producer Prices 152.40 148.50 points Jun 2022
Producer Prices Change 30.10 32.30 percent Jun 2022
Export Prices 142.20 138.40 points May 2022
Import Prices 122.30 120.70 points May 2022
CPI Transportation 142.50 144.80 points Jul 2022
CPI Housing Utilities 163.80 148.10 points Jul 2022
Food Inflation 22.10 18.20 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
21.50 19.30 21.50 -4.30 1998 - 2022 percent Monthly
2015=100

News Stream
Latvia Inflation Rate at Record High
Consumer prices in Latvia climbed 19.3 percent year-on-year in June of 2022, accelerating sharply from a 16.9 percent hike in the previous month. It was the highest inflation rate ever recorded, mainly influenced by the rise in prices of goods and services related to housing (39.9 percent), food and non-alcoholic beverages (22.1 percent); transport (32.2 percent); restaurant and hotel services (+14.1 percent). On a monthly basis, consumer prices rose 2.4 percent, slowing sharply from a 4 percent jump in the previous month.
2022-07-08
Latvia Inflation Rate Highest Since October 2008
Consumer prices in Latvia rose 13 percent year-on-year in April of 2022, accelerating from an 11.5 percent hike in the previous month. It was the highest inflation rate since October of 2008. Main upward pressure came from prices of food and non-alcoholic beverages (+17.4%), particularly milk and milk products; housing and utilities (+16.2%), on account of higher prices of heat energy, natural gas and solid fuels; and transport (+24.7%) amid soaring fuel prices. Also, prices rose further for alcoholic beverages and tobacco (+6%), clothing and footwear (+5.6%), health (+5.9%), restaurants and hotels (+10.3%) and miscellaneous goods and services (+10.4%),especially of personal hygiene and beauty products. On a monthly basis, consumer prices rose 2.2 percent, slowing from a 3.3 percent rise in the previous month.
2022-05-10
Latvia Inflation Rate at Near 13-1/2-Year High
Consumer prices in Latvia rose 11.5 percent in March of 2022, accelerating from an 8.7 percent hike in the previous month. It was the highest inflation rate since November of 2008. Main upward pressure came from prices of food and non-alcoholic beverages (14.7 percent vs 11.8 percent in February), housing and utilities (14.5 percent vs 11.2 percent) and transport (22.9 percent vs 14.3 percent). Prices also accelerated for recreation and culture (4.2 percent vs 4 percent), health (5.5 percent vs 4.2 percent) and restaurants and hotels (7.7 percent vs 6.2 percent). On a monthly basis, consumer prices rose 3.3 percent, accelerating from a 1.6 percent rise in the previous month.
2022-04-08