Latvia Inflation Rate 1992-2022

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 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.
  • Latvia inflation rate for 2018 was 2.53%, a 0.4% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Uruguay 7.75%
Hungary 5.11%
Poland 5.06%
United States 4.70%
Lithuania 4.68%
Estonia 4.65%
Chile 4.52%
Iceland 4.44%
New Zealand 3.94%
Czech Republic 3.84%
Norway 3.48%
Kuwait 3.42%
Canada 3.40%
Latvia 3.28%
Slovak Republic 3.15%
Germany 3.14%
Spain 3.09%
Saudi Arabia 3.06%
Bahamas 2.90%
Australia 2.86%
Austria 2.77%
Netherlands 2.68%
Palau 2.66%
Croatia 2.55%
Luxembourg 2.53%
United Kingdom 2.52%
South Korea 2.50%
Cyprus 2.45%
Belgium 2.44%
Ireland 2.36%
Singapore 2.30%
Qatar 2.30%
Finland 2.19%
Sweden 2.16%
Antigua and Barbuda 2.06%
Slovenia 1.92%
Italy 1.87%
Denmark 1.85%
Brunei 1.73%
France 1.64%
Panama 1.63%
Hong Kong 1.57%
Oman 1.55%
Malta 1.50%
Israel 1.49%
Portugal 1.27%
Greece 1.22%
St. Kitts and Nevis 1.20%
Switzerland 0.58%
Japan -0.23%
Bahrain -0.61%
Latvia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%