Inflation Rate (CPI): Latvia
Latvia's inflation rate (cpi) is currently 2.6% as of 2026. # Latvia Inflation Rate (CPI) Latvia's inflation rate stands at 2.
Current (2026)
2.6%
-31.6% y/y
Peak (1993)
109.2%
Low (2010)
-1.2%
Source
IMF World Economic Outlook
1993–2026 · 38 pts
Inflation Rate (CPI) — Latvia
1993 — 2026
Inflation Rate (CPI) — Latvia
Analysis# Latvia Inflation Rate (CPI)
Latvia's inflation rate stands at 2.6% in 2026, reflecting a dramatic stabilization from its turbulent post-Soviet past. The country experienced a catastrophic all-time peak of 109.2% in 1993 during its transition to a market economy, followed by decades of volatility. A deflationary low of -1.2% occurred in 2010 amid the global financial crisis. Over the full 1993–2026 period, inflation has declined 97.6 percentage points, positioning Latvia among Europe's more price-stable economies today.
The most significant recent shock arrived in 2022, when inflation spiked to 17.2% due to energy crises and global supply disruptions. Recovery followed quickly: rates fell to 9.1% in 2023, then compressed to just 1.3% in 2024. The subsequent 2025 uptick to 3.8% represents a minor correction, with 2026 projections suggesting stabilization near the current 2.6% level. Latvia's trajectory indicates successful price-level management within the eurozone framework.
Historical Data
38 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 2.2% | +0.00% |
| 2029 | 2.2% | +0.00% |
| 2028 | 2.2% | -21.43% |
| 2027 | 2.8% | +7.69% |
| 2026 | 2.6% | -31.58% |
| 2025 | 3.8% | +192.31% |
| 2024 | 1.3% | -85.71% |
| 2023 | 9.1% | -47.09% |
| 2022 | 17.2% | +437.50% |
| 2021 | 3.2% | +3100.00% |
| 2020 | 0.1% | -96.30% |
| 2019 | 2.7% | +3.85% |
| 2018 | 2.6% | -10.34% |
| 2017 | 2.9% | +2800.00% |
| 2016 | 0.1% | -50.00% |
| 2015 | 0.2% | -71.43% |
| 2014 | 0.7% | — |
| 2013 | 0.0% | -100.00% |
| 2012 | 2.3% | -45.24% |
| 2011 | 4.2% | +450.00% |
Show all 38 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -1.2% | -136.36% |
| 2009 | 3.3% | -78.43% |
| 2008 | 15.3% | +51.49% |
| 2007 | 10.1% | +53.03% |
| 2006 | 6.6% | -4.35% |
| 2005 | 6.9% | +11.29% |
| 2004 | 6.2% | +113.79% |
| 2003 | 2.9% | +45.00% |
| 2002 | 2.0% | -20.00% |
| 2001 | 2.5% | -3.85% |
| 2000 | 2.6% | +23.81% |
| 1999 | 2.1% | -51.16% |
| 1998 | 4.3% | -46.91% |
| 1997 | 8.1% | -53.98% |
| 1996 | 17.6% | -29.60% |
| 1995 | 25.0% | -30.36% |
| 1994 | 35.9% | -67.12% |
| 1993 | 109.2% | — |
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