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Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices in Latvia

Latvia: Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices was 100 Annual average index in 2025. ▲ Rising

Latest (2025)
100 Annual average index
Change on year
up 3.8%
World rank
5th
of 50 countries
All-time high
100 Annual average index
in 2025
All-time low
30.97 Annual average index
in 1996
Years of data
30
1996–2025

Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices in Latvia, 1996–2025

4060801001996201020251996: 31 Annual average index1997: 33.5 Annual average index1998: 34.9 Annual average index1999: 35.6 Annual average index2000: 36.6 Annual average index2001: 37.5 Annual average index2002: 38.2 Annual average index2003: 39.4 Annual average index2004: 41.8 Annual average index2005: 44.7 Annual average index2006: 47.6 Annual average index2007: 52.4 Annual average index2008: 60.4 Annual average index2009: 62.4 Annual average index2010: 61.6 Annual average index2011: 64.2 Annual average index2012: 65.7 Annual average index2013: 65.7 Annual average index2014: 66.2 Annual average index2015: 66.3 Annual average index2016: 66.4 Annual average index2017: 68.3 Annual average index2018: 70 Annual average index2019: 72 Annual average index2020: 72 Annual average index2021: 74.3 Annual average index2022: 87.2 Annual average index2023: 95 Annual average index2024: 96.3 Annual average index2025: 100 Annual average index

Source: Eurostat. Measured in Annual average index.

Analysis

The most recent figure for harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices in Latvia is 100 Annual average index, measured in 2025. That is the highest value across all 30 years on record.

Compared with earlier readings it is up 3.8% on the previous year and up 50.9% over ten years.

Over the whole period, harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices in Latvia peaked at 100 Annual average index in 2025 and was at its lowest, 30.97 Annual average index, in 1996.

That places Latvia 5th out of 50 countries with data for 2025, putting it in the top 10%.

The long-run direction has been consistently rising across the 30 years of available data.

Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices in Latvia, year by year

Year Annual average index Change
1996 30.97 Annual average index —
1997 33.47 Annual average index +8.1%
1998 34.91 Annual average index +4.3%
1999 35.64 Annual average index +2.1%
2000 36.58 Annual average index +2.6%
2001 37.51 Annual average index +2.5%
2002 38.24 Annual average index +1.9%
2003 39.37 Annual average index +3.0%
2004 41.8 Annual average index +6.2%
2005 44.68 Annual average index +6.9%
2006 47.62 Annual average index +6.6%
2007 52.42 Annual average index +10.1%
2008 60.42 Annual average index +15.3%
2009 62.39 Annual average index +3.3%
2010 61.62 Annual average index -1.2%
2011 64.22 Annual average index +4.2%
2012 65.69 Annual average index +2.3%
2013 65.7 Annual average index +0.0%
2014 66.15 Annual average index +0.7%
2015 66.29 Annual average index +0.2%
2016 66.36 Annual average index +0.1%
2017 68.28 Annual average index +2.9%
2018 70.02 Annual average index +2.5%
2019 71.95 Annual average index +2.8%
2020 72 Annual average index +0.1%
2021 74.34 Annual average index +3.3%
2022 87.15 Annual average index +17.2%
2023 95.05 Annual average index +9.1%
2024 96.33 Annual average index +1.3%
2025 100 Annual average index +3.8%

Latvia compared with similar countries

  • Latvia's 100 Annual average index is above the median for Europe & Central Asia, which is 100 Annual average index, 1.0× the median. (34 countries reporting)
  • Latvia's 100 Annual average index is above the median for high income countries, which is 100 Annual average index, 1.0× the median. (32 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 33.75 Annual average index 30.97 Annual average index 35.64 Annual average index 4
2000s 46.1 Annual average index 36.58 Annual average index 62.39 Annual average index 10
2010s 66.63 Annual average index 61.62 Annual average index 71.95 Annual average index 10
2020s 87.48 Annual average index 72 Annual average index 100 Annual average index 6

Countries ranked near Latvia

  1. 3 United Kingdom 107.82 Annual average index compare
  2. 3 United Kingdom 107.82 Annual average index compare
  3. 5 Albania 100 Annual average index compare
  4. 5 Austria 100 Annual average index compare
  5. 5 Belgium 100 Annual average index compare
  6. 5 Bulgaria 100 Annual average index compare
  7. 5 Switzerland 100 Annual average index compare
  8. 5 Cyprus 100 Annual average index compare
  9. 5 Czechia 100 Annual average index compare
  10. 5 Germany 100 Annual average index compare
  11. 5 Denmark 100 Annual average index compare
  12. 5 Euro area (EA11-1999, EA12-2001, EA13-2007, EA15-2008, EA16-2009, EA17-2011, EA18-2014, EA19-2015, EA20-2023, EA21-2026) 100 Annual average index compare
  13. 5 Estonia 100 Annual average index compare
  14. 5 Greece 100 Annual average index compare
  15. 5 Spain 100 Annual average index compare
  16. 5 European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020) 100 Annual average index compare
  17. 5 Finland 100 Annual average index compare
  18. 5 France 100 Annual average index compare
  19. 5 Croatia 100 Annual average index compare
  20. 5 Hungary 100 Annual average index compare
  21. 5 Ireland 100 Annual average index compare
  22. 5 Iceland 100 Annual average index compare
  23. 5 Italy 100 Annual average index compare
  24. 5 Lithuania 100 Annual average index compare
  25. 5 Luxembourg 100 Annual average index compare
  26. 5 Montenegro 100 Annual average index compare
  27. 5 North Macedonia 100 Annual average index compare
  28. 5 Malta 100 Annual average index compare
  29. 5 Netherlands 100 Annual average index compare
  30. 5 Norway 100 Annual average index compare
  31. 5 Poland 100 Annual average index compare
  32. 5 Portugal 100 Annual average index compare
  33. 5 Romania 100 Annual average index compare
  34. 5 Serbia 100 Annual average index compare
  35. 5 Sweden 100 Annual average index compare
  36. 5 Slovenia 100 Annual average index compare
  37. 5 Slovakia 100 Annual average index compare
  38. 5 Türkiye 100 Annual average index compare
  39. 5 Kosovo* 100 Annual average index compare
  40. 5 Estonia 100 Annual average index compare
  41. 5 Croatia 100 Annual average index compare
  42. 5 Lithuania 100 Annual average index compare
  43. 5 Latvia 100 Annual average index compare
  44. 5 Netherlands 100 Annual average index compare
  45. 5 Poland 100 Annual average index compare
  46. 5 Slovenia 100 Annual average index compare
  47. 5 Slovakia 100 Annual average index compare

See the full ranking of 55 places →

More economy & growth data for Latvia

All data for Latvia →

Frequently asked questions

What is harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices in Latvia?
Harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices in Latvia was 100 Annual average index in 2025, according to Eurostat.
What is the highest harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices recorded in Latvia?
The highest recorded value was 100 Annual average index in 2025.
What is the lowest harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices recorded in Latvia?
The lowest recorded value was 30.97 Annual average index in 1996.
How does Latvia rank for harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices?
Latvia ranks 5th out of 50 countries with data for 2025.
Is harmonised index of consumer prices (hicp) - ecoicop ver.2 - indices rising or falling in Latvia?
Over the last ten years it is up 50.9%. The long-run trend across the full record is rising.
Where does this Latvia data come from?
The figures come from Eurostat, published as part of Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices and rates of change, annual data. Statizoid updates them automatically from the source API.

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Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices in Latvia. Statizoid, drawing on Eurostat. Retrieved 17 September 2026, from https://economy.statizoid.com/stat/harmonised-index-of-consumer-prices-hicp-ecoicop-ver-2-indices-and-rates-of-change-annual/latvia/

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About this data

Indicator
Harmonised index of consumer prices (HICP) - ECOICOP ver.2 - indices and rates of change, annual data
Unit
Annual average index
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
55 places, 1,470 data points, 1996–2025
Last refreshed