Inflation, consumer prices in Latvia
Latvia: Inflation, consumer prices was 3.7% in 2025. ◆ Volatile
Inflation, consumer prices in Latvia, 1992–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
Latvia recorded 3.7% for inflation, consumer prices in 2025.
Compared with earlier readings it is up 195.9% on the previous year and up 2,049.8% over ten years.
Over the whole period, inflation, consumer prices in Latvia peaked at 951.7% in 1992 and was at its lowest, -1.1%, in 2010.
Latvia ranks 75th of 191 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.
Inflation, consumer prices in Latvia, year by year
| Year | annual % | Change |
|---|---|---|
| 1992 | 951.7% | — |
| 1993 | 109.0% | -88.5% |
| 1994 | 35.9% | -67.0% |
| 1995 | 25.0% | -30.5% |
| 1996 | 17.6% | -29.5% |
| 1997 | 8.4% | -52.0% |
| 1998 | 4.6% | -45.0% |
| 1999 | 2.4% | -49.1% |
| 2000 | 2.7% | +12.2% |
| 2001 | 2.5% | -6.3% |
| 2002 | 1.9% | -22.0% |
| 2003 | 2.9% | +51.8% |
| 2004 | 6.2% | +110.4% |
| 2005 | 6.7% | +9.0% |
| 2006 | 6.5% | -3.1% |
| 2007 | 10.1% | +54.4% |
| 2008 | 15.4% | +52.6% |
| 2009 | 3.5% | -77.1% |
| 2010 | -1.1% | -130.7% |
| 2011 | 4.4% | -503.0% |
| 2012 | 2.3% | -48.3% |
| 2013 | -0.0% | -101.3% |
| 2014 | 0.6% | -2206.6% |
| 2015 | 0.2% | -71.9% |
| 2016 | 0.1% | -19.3% |
| 2017 | 2.9% | +1983.7% |
| 2018 | 2.5% | -13.5% |
| 2019 | 2.8% | +10.9% |
| 2020 | 0.2% | -92.2% |
| 2021 | 3.3% | +1395.4% |
| 2022 | 17.3% | +428.4% |
| 2023 | 8.9% | -48.4% |
| 2024 | 1.3% | -85.8% |
| 2025 | 3.7% | +195.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 144.3% | 2.4% | 951.7% | 8 |
| 2000s | 5.9% | 1.9% | 15.4% | 10 |
| 2010s | 1.5% | -1.1% | 4.4% | 10 |
| 2020s | 5.8% | 0.2% | 17.3% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- GNI, Atlas method (current US$), annual growth rate 14.91 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9492 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 24,976 current US$ per person (2025)
- GNI (current US$), annual growth rate 12.67 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9914 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 26,086 current US$ per person (2025)
- GNI (current LCU), annual growth rate 7.93 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.8773 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 23,085 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 8.34 % change on previous year (2024)
Frequently asked questions
- What is inflation, consumer prices in Latvia?
- Inflation, consumer prices in Latvia was 3.7% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest inflation, consumer prices recorded in Latvia?
- The highest recorded value was 951.7% in 1992.
- What is the lowest inflation, consumer prices recorded in Latvia?
- The lowest recorded value was -1.1% in 2010.
- How does Latvia rank for inflation, consumer prices?
- Latvia ranks 75th out of 191 countries with data for 2025.
- Is inflation, consumer prices rising or falling in Latvia?
- Over the last ten years it is up 2,049.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.