Inflation Latvia 2005
Average inflation: 6.7%
Current Inflation
Inflation is very high at 6.7%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 7.6%. The lowest inflation was in July at 6.1%.
- Highest month
- October: 7.6%
- Lowest month
- July: 6.1%
- Difference
- 1.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 13.9%. The lowest price increase was in Communication with an average of -3.7%.
- Highest increase
- Transport: 13.9%
- Lowest increase
- Communication: -3.7%
Historical Context
Current inflation is 2.7% higher than the 5-year average of 4.0%.
- 5-year average
- 4%
- 10-year average
- 5.6%
- All-time high (1992)
- 900.2%
- All-time low (2002)
- 1.9%
Trend
Inflation shows an upward trend. Compared to 2004, inflation has risen by +0.5 percentage point.
- Change vs. previous year
- +0.5 percentage points
- Largest monthly swing
- January: +2.7 percentage points
ECB Target
Inflation is 4.7% 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 €106.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2005
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2004 |
|---|---|---|
| January | 6.6% | +2.7 |
| February | 6.9% | +2.6 |
| March | 6.4% | +1.6 |
| April | 6.9% | +1.8 |
| May | 6.3% | +0.1 |
| June | 6.3% | +0.2 |
| July | 6.1% | -0.6 |
| August | 6.1% | -1.6 |
| September | 7.2% | -0.5 |
| October | 7.6% | +0.4 |
| November | 7.4% | +0.2 |
| December | 7.0% | -0.3 |
| Average | 6.7% |
Data source
Data from OECD. Last updated: 13/01/2026.