Inflation Latvia 1999
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in November at 3.2%. The lowest inflation was in April at 1.5%.
- Highest month
- November: 3.2%
- Lowest month
- April: 1.5%
- Difference
- 1.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Communication with an average of 13.5%. The lowest price increase was in Food and non-alcoholic beverages with an average of -1.1%.
- Highest increase
- Communication: 13.5%
- Lowest increase
- Food and non-alcoholic beverages: -1.1%
Historical Context
Current inflation is 9.3% lower than the 5-year average of 11.7%. This approaches the lowest level since records began (2.4% in 1999).
- 5-year average
- 11.7%
- 10-year average
- 146.3%
- All-time high (1992)
- 900.2%
- All-time low (1999)
- 2.4%
Trend
Inflation shows a downward trend. Compared to 1998, inflation has fallen by +2.3 percentage point.
- Change vs. previous year
- -2.3 percentage points
- Largest monthly swing
- April: -4.5 percentage points
ECB Target
Inflation is 0.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.40 next year at this inflation rate.
Multi-year trend
Monthly figures 1999
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1998 |
|---|---|---|
| January | 2.7% | -3.6 |
| February | 2.6% | -3.5 |
| March | 2.3% | -3.7 |
| April | 1.5% | -4.5 |
| May | 1.9% | -3.5 |
| June | 1.9% | -4.0 |
| July | 1.8% | -2.8 |
| August | 2.1% | -1.6 |
| September | 2.3% | -1.2 |
| October | 2.9% | 0.0 |
| November | 3.2% | +0.4 |
| December | 3.2% | +0.4 |
| Average | 2.4% |
Data source
Data from OECD. Last updated: 13/01/2026.