Inflation Latvia 2002
Average inflation: 1.9%
Current Inflation
Inflation is low at 1.9%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 3.4%. The lowest inflation was in August at 0.9%.
- Highest month
- January: 3.4%
- Lowest month
- August: 0.9%
- Difference
- 2.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 6.4%. The lowest price increase was in Communication with an average of -5.4%.
- Highest increase
- Education: 6.4%
- Lowest increase
- Communication: -5.4%
Historical Context
Current inflation is 0.9% lower than the 5-year average of 2.8%. This approaches the lowest level since records began (1.9% in 2002).
- 5-year average
- 2.8%
- 10-year average
- 27.7%
- All-time high (1992)
- 900.2%
- All-time low (2002)
- 1.9%
Trend
Inflation has remained relatively stable. Compared to 2001, the difference is minimal (-0.6 percentage point).
- Change vs. previous year
- -0.6 percentage points
- Largest monthly swing
- February: +2.7 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 3.4% | +2.0 |
| February | 3.3% | +2.7 |
| March | 3.2% | +1.8 |
| April | 2.9% | +1.6 |
| May | 2.0% | -0.6 |
| June | 1.0% | -2.0 |
| July | 1.0% | -2.1 |
| August | 0.9% | -2.1 |
| September | 1.0% | -2.6 |
| October | 1.6% | -1.7 |
| November | 1.6% | -1.5 |
| December | 1.4% | -1.8 |
| Average | 1.9% |
Data source
Data from OECD. Last updated: 11/01/2026.