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 2023 was 8.94%, a 8.37% decline from 2022.
- 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 - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
8.94% |
-8.37% |
| 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% |
