Inflation of consumer prices in Latvia
Latvia: Inflation of consumer prices was 3.75 in 2025. ◆ Volatile
Latest (2025)
3.75
Change on year
up 195.9%
World rank
74th
of 190 countries
All-time high
951.7
in 1992
All-time low
-1.08
in 2010
Years of data
34
1992–2025
Inflation of consumer prices in Latvia, 1992–2025
Source: Our World in Data.
Analysis
Latvia recorded 3.75 for inflation of consumer prices in 2025.
That represents a change of up 195.9% on the previous year and up 2,049.8% over ten years.
Over the whole period, inflation of consumer prices in Latvia peaked at 951.7 in 1992 and was at its lowest, -1.08, in 2010.
Latvia ranks 74th of 190 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 of consumer prices in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 951.7 | — |
| 1993 | 108.99 | -88.5% |
| 1994 | 35.92 | -67.0% |
| 1995 | 24.98 | -30.5% |
| 1996 | 17.61 | -29.5% |
| 1997 | 8.45 | -52.0% |
| 1998 | 4.64 | -45.0% |
| 1999 | 2.36 | -49.1% |
| 2000 | 2.65 | +12.2% |
| 2001 | 2.49 | -6.3% |
| 2002 | 1.94 | -22.0% |
| 2003 | 2.94 | +51.8% |
| 2004 | 6.19 | +110.4% |
| 2005 | 6.75 | +9.0% |
| 2006 | 6.54 | -3.1% |
| 2007 | 10.09 | +54.4% |
| 2008 | 15.4 | +52.6% |
| 2009 | 3.53 | -77.1% |
| 2010 | -1.08 | -130.7% |
| 2011 | 4.37 | -503.0% |
| 2012 | 2.26 | -48.3% |
| 2013 | -0.0295 | -101.3% |
| 2014 | 0.6205 | -2206.6% |
| 2015 | 0.1742 | -71.9% |
| 2016 | 0.1406 | -19.3% |
| 2017 | 2.93 | +1983.7% |
| 2018 | 2.53 | -13.5% |
| 2019 | 2.81 | +10.9% |
| 2020 | 0.2191 | -92.2% |
| 2021 | 3.28 | +1395.4% |
| 2022 | 17.31 | +428.4% |
| 2023 | 8.94 | -48.4% |
| 2024 | 1.27 | -85.8% |
| 2025 | 3.75 | +195.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 144.33 | 2.36 | 951.7 | 8 |
| 2000s | 5.85 | 1.94 | 15.4 | 10 |
| 2010s | 1.47 | -1.08 | 4.37 | 10 |
| 2020s | 5.79 | 0.2191 | 17.31 | 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 of consumer prices in Latvia?
- Inflation of consumer prices in Latvia was 3.75 in 2025, according to Our World in Data.
- What is the highest inflation of consumer prices recorded in Latvia?
- The highest recorded value was 951.7 in 1992.
- What is the lowest inflation of consumer prices recorded in Latvia?
- The lowest recorded value was -1.08 in 2010.
- How does Latvia rank for inflation of consumer prices?
- Latvia ranks 74th out of 190 countries with data for 2025.
- Is inflation of 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 Our World in Data, published as part of Inflation of consumer prices. Statizoid updates them automatically from the source API.
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