Inflation in Latvia

Latvia Inflation | Economic News & Forecasts

Latvia - Inflation

Inflation comes hits highest level in over 26 years in June

Consumer prices rose 2.46% in June over the previous month, easing from May’s 3.91% rise. June’s result was mainly due to a moderation in prices for housing and utilities.

Nonetheless, inflation increased to 19.3% in June, following May’s 16.9% and marked the highest inflation rate since March 1996. Annual average inflation rose to 9.2% in June (May: 7.8%). Lastly, harmonized inflation rose to 19.2% in June, from the previous month's 16.8%.

FocusEconomics panelists see harmonized inflation averaging 11.2% in 2022, which is up 1 percentage points from the previous month’s forecast, and 4.7% in 2023.

Latvia - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.2  0.2  2.9  2.5  2.8  

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Latvia Inflation Chart

Latvia Inflation
Note: Annual variation of harmonized index of consumer prices (HICP) in %.
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.

Latvia Facts

Value Change Date
Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Dec 31

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