Latvia Inflation Rate

Last updated: 2024-05-14

Annual inflation

1.09%

YoY ending in Apr 2024

Monthly inflation

0.51%

April 2024

The graph above shows the annual inflation rates in Latvia for the previous 10 calendar years, from 2014. For additional years, see the historical inflation rates. To calculate cumulative rates between two different periods, you can use the Latvia Inflation Calculator.

The current inflation rate in Latvia is 1.09%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in April 2024.

In April 2024, the monthly inflation rate was 0.51.

The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values.

Year Measure Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2024 YoY 0.93 0.42 0.91 1.09
MoM 0.83 0.08 1.24 0.51
2023 YoY 21.50 20.26 17.26 15.09 12.10 7.93 6.40 5.37 3.32 2.09 0.95 0.63
MoM 0.53 0.59 0.74 0.34 1.25 -1.39 0.74 -0.56 -0.40 -0.41 0.00 -0.77

Historical Annual Inflation Rates from 1992

The table below contains annual inflation rates in Latvia from 1992. The 'Inflation %' column indicates how much prices have changed since the previous year.

The 5-year and 10-year columns display the rolling average of the yearly inflation. For example, the 5-year avg. on the first row indicates that between 2018 and 2023, the average inflation rate was 6.34%. These values can be useful for long-term analysis and forecasting.

You can click or tap the table’s headers to sort the information.

Year Inflation 5-year Avg. 10-year Avg.
1992 959.02 - -
1993 34.87 - -
1994 26.26 - -
1995 23.13 - -
1996 13.12 113.07 -
1997 7.01 35.26 -
1998 2.76 17.79 -
1999 3.20 11.29 -
2000 1.80 7.00 -
2001 3.18 4.09 48.93
2002 1.39 2.81 17.93
2003 3.62 2.48 9.87
2004 7.32 3.23 7.19
2005 6.96 4.04 5.51
2006 6.84 4.85 4.47
2007 14.06 6.48 4.63
2008 10.54 8.94 5.66
2009 -1.17 8.39 5.78
2010 2.54 6.75 5.39
2011 4.03 6.31 5.58
2012 1.60 4.75 5.61
2013 -0.42 1.79 5.30
2014 0.20 1.21 4.74
2015 0.34 1.47 4.07
2016 2.18 0.63 3.43
2017 2.15 0.76 2.74
2018 2.55 1.27 1.53
2019 2.26 1.71 1.46
2020 -0.50 1.72 1.59
2021 7.92 2.35 1.49
2022 20.83 5.06 2.89
2023 0.63 6.34 3.78

More historical data →