Inflation Latvia 2006
Average inflation: 6.5%
Current Inflation
Inflation is very high at 6.5%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 7.5%. The lowest inflation was in October at 5.6%.
- Highest month
- January: 7.5%
- Lowest month
- October: 5.6%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 13.8%. The lowest price increase was in Communication with an average of -7.0%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 13.8%
- Lowest increase
- Communication: -7.0%
Historical Context
Current inflation is 1.7% higher than the 5-year average of 4.8%.
- 5-year average
- 4.8%
- 10-year average
- 4.5%
- All-time high (1992)
- 900.2%
- All-time low (2002)
- 1.9%
Trend
Inflation has remained relatively stable. Compared to 2005, the difference is minimal (-0.2 percentage point).
- Change vs. previous year
- -0.2 percentage points
- Largest monthly swing
- October: -2.0 percentage points
ECB Target
Inflation is 4.5% 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 €106.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2006
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2005 |
|---|---|---|
| January | 7.5% | +0.9 |
| February | 6.9% | 0.0 |
| March | 6.5% | +0.1 |
| April | 6.1% | -0.8 |
| May | 6.6% | +0.3 |
| June | 6.3% | 0.0 |
| July | 6.9% | +0.8 |
| August | 6.8% | +0.7 |
| September | 5.9% | -1.3 |
| October | 5.6% | -2.0 |
| November | 6.4% | -1.0 |
| December | 6.8% | -0.2 |
| Average | 6.5% |
Data source
Data from OECD. Last updated: 11/01/2026.