Latvia Inflation Rate 1992-2021

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. The Laspeyres formula is generally used.
  • Latvia inflation rate for 2020 was 0.22%, a 2.59% decline from 2019.
  • Latvia inflation rate for 2019 was 2.81%, a 0.28% increase from 2018.
  • Latvia inflation rate for 2018 was 2.53%, a 0.4% decline from 2017.
  • Latvia inflation rate for 2017 was 2.93%, a 2.79% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Uruguay 9.76%
Saudi Arabia 3.45%
Poland 3.37%
Hungary 3.33%
Czech Republic 3.16%
Chile 3.05%
Iceland 2.85%
Brunei 1.94%
Slovak Republic 1.94%
New Zealand 1.71%
Austria 1.38%
Norway 1.29%
Netherlands 1.27%
United States 1.23%
Lithuania 1.20%
United Kingdom 0.99%
Australia 0.85%
Luxembourg 0.82%
Belgium 0.74%
Canada 0.72%
Malta 0.64%
Trinidad and Tobago 0.60%
South Korea 0.54%
Germany 0.51%
Sweden 0.50%
France 0.48%
Denmark 0.42%
Hong Kong 0.33%
Latvia 0.22%
Bahamas 0.04%
Portugal -0.01%
Japan -0.02%
Slovenia -0.05%
Italy -0.14%
Singapore -0.18%
Spain -0.32%
Ireland -0.33%
Estonia -0.44%
Israel -0.59%
Cyprus -0.64%
Switzerland -0.73%
Oman -0.90%
Greece -1.25%
Panama -1.55%
UAE -2.08%
Bahrain -2.32%
Qatar -2.54%
Latvia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2020 0.22% -2.59%
2019 2.81% 0.28%
2018 2.53% -0.40%
2017 2.93% 2.79%
2016 0.14% -0.03%
2015 0.17% -0.45%
2014 0.62% 0.65%
2013 -0.03% -2.29%
2012 2.26% -2.11%
2011 4.37% 5.46%
2010 -1.08% -4.62%
2009 3.53% -11.87%
2008 15.40% 5.31%
2007 10.09% 3.56%
2006 6.54% -0.21%
2005 6.75% 0.56%
2004 6.19% 3.25%
2003 2.94% 1.00%
2002 1.94% -0.55%
2001 2.49% -0.17%
2000 2.65% 0.29%
1999 2.36% -2.28%
1998 4.64% -3.80%
1997 8.45% -9.16%
1996 17.61% -7.37%
1995 24.98% -10.95%
1994 35.92% -73.06%
1993 108.99% -842.71%
1992 951.70% -842.71%