Inflation Latvia 2007
Average inflation: 10.1%
Current Inflation
Inflation is very high at 10.1%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 14.1%. The lowest inflation was in January at 7.1%.
- Highest month
- December: 14.1%
- Lowest month
- January: 7.1%
- Difference
- 7.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 17.8%. The lowest price increase was in Communication with an average of -6.0%.
- Highest increase
- Restaurants and hotels: 17.8%
- Lowest increase
- Communication: -6.0%
Historical Context
Current inflation is 3.6% higher than the 5-year average of 6.5%.
- 5-year average
- 6.5%
- 10-year average
- 4.7%
- All-time high (1992)
- 900.2%
- All-time low (2002)
- 1.9%
Trend
Inflation shows an upward trend. Compared to 2006, inflation has risen by +3.6 percentage point.
- Change vs. previous year
- +3.6 percentage points
- Largest monthly swing
- October: +7.6 percentage points
ECB Target
Inflation is 8.1% 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 €110.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2007
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2006 |
|---|---|---|
| January | 7.1% | -0.4 |
| February | 7.3% | +0.4 |
| March | 8.5% | +2.0 |
| April | 8.9% | +2.8 |
| May | 8.2% | +1.6 |
| June | 8.8% | +2.5 |
| July | 9.5% | +2.6 |
| August | 10.1% | +3.3 |
| September | 11.4% | +5.5 |
| October | 13.2% | +7.6 |
| November | 13.7% | +7.3 |
| December | 14.1% | +7.3 |
| Average | 10.1% |
Data source
Data from OECD. Last updated: 11/01/2026.