Inflation Latvia 1996
Average inflation: 17.7%
Current Inflation
Inflation is very high at 17.7%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 23.2%. The lowest inflation was in December at 13.1%.
- Highest month
- January: 23.2%
- Lowest month
- December: 13.1%
- Difference
- 10.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Communication with an average of 39.8%. The lowest price increase was in Miscellaneous goods and services with an average of 9.8%.
- Highest increase
- Communication: 39.8%
- Lowest increase
- Miscellaneous goods and services: 9.8%
Historical Context
Current inflation is 213.2% lower than the 5-year average of 230.9%. This approaches the lowest level since records began (17.7% in 1996).
- 5-year average
- 230.9%
- 10-year average
- 230.9%
- All-time high (1992)
- 900.2%
- All-time low (1996)
- 17.7%
Trend
Inflation shows a downward trend. Compared to 1995, inflation has fallen by +7.3 percentage point.
- Change vs. previous year
- -7.3 percentage points
- Largest monthly swing
- December: -10.0 percentage points
ECB Target
Inflation is 15.7% 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 €117.70 next year at this inflation rate.
Multi-year trend
Monthly figures 1996
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1995 |
|---|---|---|
| January | 23.2% | -2.7 |
| February | 21.5% | -4.1 |
| March | 20.2% | -6.4 |
| April | 18.5% | -7.2 |
| May | 17.4% | -9.8 |
| June | 17.6% | -8.9 |
| July | 17.7% | -7.7 |
| August | 17.5% | -5.2 |
| September | 16.1% | -7.6 |
| October | 15.7% | -8.3 |
| November | 14.4% | -9.6 |
| December | 13.1% | -10.0 |
| Average | 17.7% |
Data source
Data from OECD. Last updated: 11/01/2026.