Latvia’s annual inflation rate eased to 2.6% in July 2026 from 3.4% in June, the lowest since February. The slowdown was mainly driven by a sharper decline in food prices, which fell 3.1% after a 0.9% drop in June. Inflation also eased for housing and utilities (6.8% vs 7.2%), transport (4.8% vs 7.1%), restaurants and hotels (6.9% vs 7.9%), healthcare (3.8% vs 4%), information and communications (1.5% vs 2.1%) and furnishings (1.1% vs 1.4%). Meanwhile, inflation stood at 4.8% for recreation, sports and culture and 3.5% for education. In contrast, price growth accelerated for insurance and financial services (5.9% vs 5.2%) and alcoholic beverages and tobacco (1.1% vs 0.9%). On a monthly basis, consumer prices fell 0.7%, following a flat reading in June. source: Central Statistical Bureau of Latvia

Inflation Rate in Latvia decreased to 2.60 percent in July from 3.40 percent in June of 2026. Inflation Rate in Latvia averaged 4.07 percent from 1998 until 2026, reaching an all time high of 22.20 percent in September of 2022 and a record low of -4.30 percent in February of 2010. This page provides - Latvia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Inflation Rate in Latvia decreased to 2.60 percent in July from 3.40 percent in June of 2026. Inflation Rate in Latvia is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Inflation Rate is projected to trend around 2.80 percent in 2027 and 2.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-08 10:00 AM
Inflation Rate YoY
Jun 3.4% 3.5% 3.4%
2026-08-11 10:20 AM
Inflation Rate YoY
Jul 2.6% 3.4% 3.6%
2026-09-08 10:00 AM
Inflation Rate YoY
Aug 2.6% 3.2%



Components Last Previous Unit Reference
Food Inflation -3.10 -0.90 percent Jul 2026

Related Last Previous Unit Reference
CPI 103.10 103.80 points Jul 2026
CPI Housing Utilities 106.00 106.10 points Jul 2026
CPI Transportation 106.80 107.10 points Jul 2026
Export Prices 116.00 115.90 points Jun 2026
GDP Deflator 136.02 135.71 points Mar 2026
Import Prices 113.50 114.30 points Jun 2026
Inflation Rate YoY 2.60 3.40 percent Jul 2026
Inflation Rate MoM -0.70 0.00 percent Jul 2026
Producer Prices 130.80 130.70 points Jul 2026
PPI YoY 3.50 3.30 percent Jul 2026


Latvia Inflation Rate
In Latvia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (26 percent of total weight). Housing and Utilities accounts for 17 percent; Transport for 14 percent; Alcoholic beverages and Tobacco for 8 percent; Recreation and Culture for 7 percent; Health for 6 percent; and Clothing and Footwear for 5 percent. Miscellaneous Goods and Services; Furniture, Household Equipment and Maintenance; Restaurants and Hotels; Communication; and Education account for the remaining 17 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
2.60 3.40 22.20 -4.30 1998 - 2026 percent Monthly
2015=100

News Stream
Latvia Annual Inflation Slows in July
Latvia’s annual inflation rate eased to 2.6% in July 2026 from 3.4% in June, the lowest since February. The slowdown was mainly driven by a sharper decline in food prices, which fell 3.1% after a 0.9% drop in June. Inflation also eased for housing and utilities (6.8% vs 7.2%), transport (4.8% vs 7.1%), restaurants and hotels (6.9% vs 7.9%), healthcare (3.8% vs 4%), information and communications (1.5% vs 2.1%) and furnishings (1.1% vs 1.4%). Meanwhile, inflation stood at 4.8% for recreation, sports and culture and 3.5% for education. In contrast, price growth accelerated for insurance and financial services (5.9% vs 5.2%) and alcoholic beverages and tobacco (1.1% vs 0.9%). On a monthly basis, consumer prices fell 0.7%, following a flat reading in June.
2026-08-11
Latvia Inflation Rate Eases in June
The annual inflation rate in Latvia eased to 3.4% in June 2026, down from 3.5% in May. Food prices declined at a slightly faster pace (-0.9% vs. -0.8%), while deflation for clothing and footwear deepened (-0.6% vs. -0.1%). Price growth eased for transport (7.1% vs 11.1%), restaurants & hotels (7.9% vs 9.5%) and health (4% vs 4.9%). Meanwhile, inflation accelerated for housing & utilities (7.2% vs 5.8%), recreation & culture (4.8% vs 3.2%), alcoholic beverages & tobacco (0.9% vs 0.4%), furnishings & household equipment (1.4% vs 0.1%), insurance and financial services (5.2% vs 3%) and education (3.5% vs 3.4%). Inflation for information and communications stood at 2.1%. On a monthly basis, consumer prices were unchanged after rising 0.5% in May.
2026-07-08
Latvia Inflation Rate Picks up to 4-Month High
The annual inflation rate in Latvia accelerated to 3.5% in May 2026, the highest in four months, from 2.9% in April. Prices rose faster for housing & utilities (5.8% vs 5.1%), transport (11.1% vs 8.5%), recreation & culture (3.2% vs 1.8%), health (4.9% vs 4.6%), personal care, social protection, various goods and services (4.7% vs 2.9%), restaurants & hotels (9.5% vs 5.6%) and insurance and financial services (3% vs 1.8%). Meanwhile, inflation was steady for communications (at 2.1%), and cost slowed for alcoholic beverages & tobacco (0.4% vs 0.6%), furnishings & household equipment (0.1% vs 1.2%) and education (3.4% vs 4%). At the same time, prices fell for food and non-alcoholic beverages (-0.8% vs -0.3%), and clothing & footwear (-0.1% vs 0.6%). On a monthly basis, consumer prices increased 0.5% in May, after a 0.6% rise in April.
2026-06-09