Inflation Latvia 1993
Average inflation: 175.5%
Inflation in 1993
Inflation is very high at 175.5%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 571.2%. The lowest inflation was in November at 31.6%.
- Highest month
- January: 571.2%
- Lowest month
- November: 31.6%
- Difference
- 539.6 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 362.4 percentage points lower than the 5-year average of 537.9%. This approaches the lowest level since records began (175.5% in 1993).
- 5-year average
- 537.9%
- 10-year average
- 537.9%
- All-time high (1992)
- 900.2%
- All-time low (1993)
- 175.5%
Trend
Over the period 1992-1993, inflation shows a downward trend. Compared to 1992, inflation has fallen by 724.7 percentage points.
- Change vs. previous year
- -724.7 percentage points
- Largest monthly swing
- November: -1413.7 percentage points
ECB Target
Inflation is 173.5 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €275.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1993
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1992 |
|---|---|---|
| January | 571.2% | +209.6 |
| February | 365.6% | -136.8 |
| March | 256.1% | -404.1 |
| April | 221.7% | -413.9 |
| May | 183.5% | -533.0 |
| June | 151.4% | -663.7 |
| July | 111.8% | -863.2 |
| August | 79.2% | -1058.4 |
| September | 63.2% | -1118.2 |
| October | 35.4% | -1377.4 |
| November | 31.6% | -1413.7 |
| December | 34.9% | -924.1 |
| Average | 175.5% |
Data source
Data from OECD. Last updated: 17/12/2025.