Latvia Inflation Rate

Last Release

Feb 28, 2025

Actual

3.7

Units In

Frequency

Monthly

Next Release

Apr 08, 2025

Time to Release

27 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
22.2 Sep 2022	-4.3 Feb 2010	4.1 %	1998-2025	Central Statistical Bureau of Latvia

In Latvia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (23.7 percent of total weight). Housing and Utilities accounts for 16.2 percent; Transport for 13.6 percent; Alcoholic beverages and Tobacco for 8.2 percent; Recreation and Culture for 8 percent and Clothing and Footwear for 5.8 percent. Health; Miscellaneous Goods and Services; Furniture, Household Goods and Maintenance; Restaurants and Hotels; Communication and Education account for the remaining 24.5 percent of total weight.

Latest Updates

The annual inflation rate in Latvia rose by 3.7% in February 2025 from 3% in the previous month. This marked the highest reading since August 2023, as prices accelerated mainly for alcoholic beverages and tobacco (8.4% vs 6.4% in January), education (11% vs 5.8%), miscellaneous goods and services (3.4% vs 1.5%). Additionally, costs rebounded for housing and utilities (1.5% vs -0.4%) and furniture household and maintenance (2.4% vs -0.4%). Meanwhile, inflation slowed for health (4.4% vs 5.5%), communication (4.7% vs 5.9%), and recreation and culture (5.5% vs 6.3%). On a monthly basis, consumer prices increased by 0.8% in February, the highest in six months, following a 0.6% gain in the preceding month.