All Items, Consumer price index (CPI), Period average, percent change in Latvia
Latvia: All Items, Consumer price index (CPI), Period average, percent change was 2.2 in 2031. ◆ Volatile
All Items, Consumer price index (CPI), Period average, percent change in Latvia, 1993–2031
Source: International Monetary Fund.
Analysis
Latvia recorded 2.2 for all items, consumer price index (cpi), period average, percent change in 2031.
That represents a change of up 1.8% on the previous year and down 32.1% over ten years.
Over the whole period, all items, consumer price index (cpi), period average, percent change in Latvia peaked at 109.2 in 1993 and was at its lowest, -1.23, in 2010.
Latvia ranks 16th of 26 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
All Items, Consumer price index (CPI), Period average, percent change in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | 109.2 | — |
| 1994 | 35.9 | -67.1% |
| 1995 | 25 | -30.4% |
| 1996 | 17.6 | -29.6% |
| 1997 | 8.07 | -54.2% |
| 1998 | 4.3 | -46.7% |
| 1999 | 2.11 | -51.0% |
| 2000 | 2.64 | +25.1% |
| 2001 | 2.52 | -4.3% |
| 2002 | 1.96 | -22.2% |
| 2003 | 2.94 | +49.9% |
| 2004 | 6.18 | +110.0% |
| 2005 | 6.89 | +11.4% |
| 2006 | 6.57 | -4.6% |
| 2007 | 10.08 | +53.4% |
| 2008 | 15.26 | +51.4% |
| 2009 | 3.26 | -78.6% |
| 2010 | -1.23 | -137.7% |
| 2011 | 4.22 | -443.3% |
| 2012 | 2.29 | -45.9% |
| 2013 | 0.0127 | -99.4% |
| 2014 | 0.6926 | +5359.3% |
| 2015 | 0.2091 | -69.8% |
| 2016 | 0.1006 | -51.9% |
| 2017 | 2.89 | +2777.1% |
| 2018 | 2.55 | -11.7% |
| 2019 | 2.75 | +7.5% |
| 2020 | 0.0811 | -97.0% |
| 2021 | 3.24 | +3893.9% |
| 2022 | 17.24 | +432.5% |
| 2023 | 9.06 | -47.5% |
| 2024 | 1.35 | -85.1% |
| 2025 | 3.81 | +182.3% |
| 2026 | 2.99 | -21.4% |
| 2027 | 2.72 | -9.0% |
| 2028 | 2.86 | +4.9% |
| 2029 | 2.21 | -22.6% |
| 2030 | 2.16 | -2.2% |
| 2031 | 2.2 | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 28.88 | 2.11 | 109.2 | 7 |
| 2000s | 5.83 | 1.96 | 15.26 | 10 |
| 2010s | 1.45 | -1.23 | 4.22 | 10 |
| 2020s | 4.56 | 0.0811 | 17.24 | 10 |
| 2030s | 2.18 | 2.16 | 2.2 | 2 |
Countries ranked near Latvia
- 13 Estonia 2.35 compare
- 14 Maldives 2.3 compare
- 15 Montenegro 2.22 compare
- 17 United Arab Emirates 2 compare
- 17 Spain 2 compare
- 17 Korea 2 compare
- 17 Saudi Arabia 2 compare
More economy & growth data for Latvia
- Total reserves minus gold (current US$), annual growth rate 12.7 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1062 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 2,795 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.59 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.229 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 6,027 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 11.68 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.2027 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 5,333 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 6.98 % change on previous year (2025)
Frequently asked questions
- What is all items, consumer price index (cpi), period average, percent change in Latvia?
- All items, consumer price index (cpi), period average, percent change in Latvia was 2.2 in 2031, according to International Monetary Fund.
- What is the highest all items, consumer price index (cpi), period average, percent change recorded in Latvia?
- The highest recorded value was 109.2 in 1993.
- What is the lowest all items, consumer price index (cpi), period average, percent change recorded in Latvia?
- The lowest recorded value was -1.23 in 2010.
- How does Latvia rank for all items, consumer price index (cpi), period average, percent change?
- Latvia ranks 16th out of 26 countries with data for 2031.
- Is all items, consumer price index (cpi), period average, percent change rising or falling in Latvia?
- Over the last ten years it is down 32.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of All Items, Consumer price index (CPI), Period average, percent change (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.