HICP: All-items excluding energy (Annual average rate) in Latvia
Latvia: HICP: All-items excluding energy (Annual average rate) was 4.5 in 2025. ◆ Volatile
HICP - All-items excluding energy in Latvia, 1997–2025
Source: European Central Bank.
Analysis
Latvia recorded 4.5 for hicp - all-items excluding energy in 2025.
The figure is up 21.6% on the previous year and up 462.5% over ten years.
Over the whole period, hicp - all-items excluding energy in Latvia peaked at 13.7 in 2008 and was at its lowest, -2.3, in 2010.
Latvia ranks 8th of 31 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
HICP: All-items excluding energy (Annual average rate) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 7.2 | — |
| 1998 | 4.5 | -37.5% |
| 1999 | 2 | -55.6% |
| 2000 | 2 | +0.0% |
| 2001 | 2.7 | +35.0% |
| 2002 | 2.3 | -14.8% |
| 2003 | 2.8 | +21.7% |
| 2004 | 5.6 | +100.0% |
| 2005 | 6.1 | +8.9% |
| 2006 | 5.7 | -6.6% |
| 2007 | 10.1 | +77.2% |
| 2008 | 13.7 | +35.6% |
| 2009 | 3.2 | -76.6% |
| 2010 | -2.3 | -171.9% |
| 2011 | 2.6 | -213.0% |
| 2012 | 1.1 | -57.7% |
| 2013 | 0.5 | -54.5% |
| 2014 | 1.2 | +140.0% |
| 2015 | 0.8 | -33.3% |
| 2016 | 1.3 | +62.5% |
| 2017 | 2.7 | +107.7% |
| 2018 | 1.8 | -33.3% |
| 2019 | 2.7 | +50.0% |
| 2020 | 1.3 | -51.9% |
| 2021 | 2 | +53.8% |
| 2022 | 11.7 | +485.0% |
| 2023 | 10 | -14.5% |
| 2024 | 3.7 | -63.0% |
| 2025 | 4.5 | +21.6% |
Latvia compared with similar countries
- Latvia's 4.5 is above the median for Europe & Central Asia, which is 3.3, 1.4× the median. (29 countries reporting)
- Latvia's 4.5 is above the median for high income countries, which is 3.2, 1.4× the median. (27 countries reporting)
Biggest year-on-year movements
Years where HICP: All-items excluding energy (Annual average rate) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +485.0% | 2 | 11.7 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.57 | 2 | 7.2 | 3 |
| 2000s | 5.42 | 2 | 13.7 | 10 |
| 2010s | 1.24 | -2.3 | 2.7 | 10 |
| 2020s | 5.53 | 1.3 | 11.7 | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is hicp - all-items excluding energy in Latvia?
- Hicp - all-items excluding energy in Latvia was 4.5 in 2025, according to European Central Bank.
- What is the highest hicp - all-items excluding energy recorded in Latvia?
- The highest recorded value was 13.7 in 2008.
- What is the lowest hicp - all-items excluding energy recorded in Latvia?
- The lowest recorded value was -2.3 in 2010.
- How does Latvia rank for hicp - all-items excluding energy?
- Latvia ranks 8th out of 31 countries with data for 2025.
- Is hicp - all-items excluding energy rising or falling in Latvia?
- Over the last ten years it is up 462.5%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from European Central Bank, published as part of HICP - All-items excluding energy (Annual average rate of change, Eurostat). Statizoid updates them automatically from the source API.
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