Latvia's consumer price inflation rate eased to 21.8 percent year-on-year in October 2022 from the previous month's all-time high of 22.2 percent, as prices rose at softer rates for housing and utilities (46.9 percent vs 51.6 percent in September), transport (20.1 percent vs 21.9 percent), and alcoholic beverages and tobacco products (5.6 percent vs 5.9 percent). Meanwhile, inflation accelerated for food and non-alcoholic beverages (29.5 percent vs 27.5 percent), recreation and culture (8.0 percent vs 7.8 percent), and clothing and footwear (4.6 percent vs 2.7 percent); while it remained unchanged for miscellaneous goods and services (at 15.3 percent). On a monthly basis, consumer prices advanced 0.8 percent in October, easing from a 1.6 percent increase in September. source: Central Statistical Bureau of Latvia

Inflation Rate in Latvia averaged 3.89 percent from 1998 until 2022, 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 2022.

Inflation Rate in Latvia is expected to be 20.40 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
2022-10-10 10:00 AM Sep 22.2% 21.5% 22.4%
2022-11-08 11:00 AM Oct 21.8% 22.2% 21.8%
2022-12-08 11:00 AM Nov 21.8% 21.4%


Related Last Previous Unit Reference
Inflation Rate 21.80 22.20 percent Oct 2022
Inflation Rate MoM 0.80 1.60 percent Oct 2022
Consumer Price Index CPI 140.20 139.10 points Oct 2022
GDP Deflator 1.32 1.29 percent Jun 2022
Producer Prices 169.40 168.60 points Oct 2022
Producer Prices Change 32.30 33.30 percent Oct 2022
Export Prices 146.60 147.10 points Sep 2022
Import Prices 132.10 130.10 points Sep 2022
Food Inflation 29.50 27.50 percent Oct 2022
CPI Transportation 139.30 135.20 points Oct 2022
CPI Housing Utilities 170.00 173.10 points Oct 2022

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
21.80 22.20 22.20 -4.30 1998 - 2022 percent Monthly
2015=100

News Stream
Latvia Inflation Rate Eases from Record High
Latvia's consumer price inflation rate eased to 21.8 percent year-on-year in October 2022 from the previous month's all-time high of 22.2 percent, as prices rose at softer rates for housing and utilities (46.9 percent vs 51.6 percent in September), transport (20.1 percent vs 21.9 percent), and alcoholic beverages and tobacco products (5.6 percent vs 5.9 percent). Meanwhile, inflation accelerated for food and non-alcoholic beverages (29.5 percent vs 27.5 percent), recreation and culture (8.0 percent vs 7.8 percent), and clothing and footwear (4.6 percent vs 2.7 percent); while it remained unchanged for miscellaneous goods and services (at 15.3 percent). On a monthly basis, consumer prices advanced 0.8 percent in October, easing from a 1.6 percent increase in September.
2022-11-08
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