Latvia Inflation Rate 1992-2020

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 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.
  • Latvia inflation rate for 2016 was 0.14%, a 0.03% decline from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Argentina 53.55%
Uruguay 7.88%
Aruba 4.26%
Barbados 4.10%
Hungary 3.34%
Iceland 3.01%
Hong Kong 2.86%
Czech Republic 2.85%
Latvia 2.81%
Slovak Republic 2.66%
Netherlands 2.63%
Curacao 2.62%
Chile 2.56%
Bahamas 2.49%
Lithuania 2.33%
Estonia 2.28%
Poland 2.23%
Norway 2.17%
Canada 1.95%
United States 1.81%
Seychelles 1.81%
Sweden 1.78%
Luxembourg 1.74%
United Kingdom 1.74%
Malta 1.64%
Slovenia 1.63%
New Zealand 1.62%
Australia 1.61%
Austria 1.53%
Germany 1.45%
Belgium 1.44%
France 1.11%
Kuwait 1.09%
Finland 1.02%
Ireland 0.94%
Israel 0.84%
Croatia 0.77%
Denmark 0.76%
Spain 0.70%
Italy 0.61%
Singapore 0.57%
Japan 0.48%
South Korea 0.38%
Switzerland 0.36%
Portugal 0.34%
Greece 0.25%
Cyprus 0.25%
Oman 0.13%
Panama -0.36%
Brunei -0.39%
Qatar -0.67%
UAE -1.93%
Saudi Arabia -2.09%
Latvia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%