Latvia Inflation Rate 1992-2024

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 2022 was 17.31%, a 14.03% increase from 2021.
  • Latvia inflation rate for 2021 was 3.28%, a 3.06% increase from 2020.
  • 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.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lithuania 19.71%
Estonia 19.40%
Latvia 17.31%
Czech Republic 15.10%
Hungary 14.61%
Poland 14.43%
Slovak Republic 12.77%
Palau 12.35%
Chile 11.64%
Croatia 10.78%
Netherlands 10.00%
Greece 9.65%
Belgium 9.60%
Uruguay 9.10%
Slovenia 8.83%
Austria 8.55%
Cyprus 8.40%
Spain 8.39%
Sweden 8.37%
Iceland 8.31%
Italy 8.20%
United States 8.00%
United Kingdom 7.92%
Portugal 7.83%
Ireland 7.81%
Denmark 7.70%
Antigua and Barbuda 7.53%
New Zealand 7.17%
Finland 7.12%
Germany 6.87%
Canada 6.80%
Australia 6.59%
Luxembourg 6.34%
Malta 6.15%
Singapore 6.12%
Norway 5.76%
Bahamas 5.61%
France 5.22%
South Korea 5.09%
Qatar 5.00%
UAE 4.83%
Israel 4.39%
Brunei 3.68%
Bahrain 3.63%
Panama 2.86%
Switzerland 2.84%
Oman 2.81%
St. Kitts and Nevis 2.67%
Japan 2.50%
Saudi Arabia 2.47%
Hong Kong 1.88%
Macao 1.05%
Latvia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 17.31% 14.03%
2021 3.28% 3.06%
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%