Consumer price inflation — all countries

Consumer price inflation — Latvia

Consumer price inflation in Latvia in 2025 — 3.75%. Ranked 104 in the world out of 165. Since 1992, the indicator has fallen by 947.95 pp.

2025 3.75% +2.48 pp vs 2024
World rank 104of 165
Period maximum 951.7%1992
Period minimum -1.08%2010

Trend over time

1992–2025 · % per year

Consumer price inflation — Latvia, 1992–2025-25002505007501,0001992199620002004200820122016202020241992: 951.7%1993: 108.99%1994: 35.92%1995: 24.98%1996: 17.61%1997: 8.45%1998: 4.64%1999: 2.36%2000: 2.65%2001: 2.49%2002: 1.94%2003: 2.94%2004: 6.19%2005: 6.75%2006: 6.54%2007: 10.09%2008: 15.4%2009: 3.53%2010: -1.08%2011: 4.37%2012: 2.26%2013: -0.03%2014: 0.62%2015: 0.17%2016: 0.14%2017: 2.93%2018: 2.53%2019: 2.81%2020: 0.22%2021: 3.28%2022: 17.31%2023: 8.94%2024: 1.27%2025: 3.75%
Change over the period: −947.95 pp Annual average: -28.73 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Latvia

Latvia 3.75%
World 3.04%
Northern Europe computed 3.16%
High-income countries computed 3.44%
Consumer price inflation — Latvia, by year Latvia All countries CSV XLSX
Year % Change, pp
2025 3.75 +2.48 pp
2024 1.27 −7.67 pp
2023 8.94 −8.37 pp
2022 17.31 +14.03 pp
2021 3.28 +3.06 pp
2020 0.22 −2.59 pp
2019 2.81 +0.28 pp
2018 2.53 −0.4 pp
2017 2.93 +2.79 pp
2016 0.14 −0.03 pp
2015 0.17 −0.45 pp
2014 0.62 +0.65 pp
2013 -0.03 −2.29 pp
2012 2.26 −2.11 pp
2011 4.37 +5.46 pp
2010 -1.08 −4.62 pp
2009 3.53 −11.87 pp
2008 15.4 +5.31 pp
2007 10.09 +3.56 pp
2006 6.54 −0.21 pp
2005 6.75 +0.56 pp
2004 6.19 +3.25 pp
2003 2.94 +1 pp
2002 1.94 −0.55 pp
2001 2.49 −0.17 pp
2000 2.65 +0.29 pp
1999 2.36 −2.28 pp
1998 4.64 −3.8 pp
1997 8.45 −9.16 pp
1996 17.61 −7.37 pp
1995 24.98 −10.95 pp
1994 35.92 −73.06 pp
1993 108.99 −842.71 pp
1992 951.7

About the indicator

The annual growth rate of the consumer price index — the cost of a fixed or periodically updated basket of goods and services for households. Negative values mean deflation. The composition of the basket and its weights are set by national statistical offices, so the figures are comparable in order of magnitude but not identical in method.

Important: In countries with hyperinflation the indicator can run into hundreds and thousands of percent, which is worth keeping in mind when reading charts.

Source: World Development Indicators (World Bank), license CC BY 4.0.