Inflation Latvia 2011
Average inflation: 4.4%
Inflation in 2011
Inflation is high at 4.4%, well above the ECB target.
Peak and Trough
The highest inflation was in May at 5.0%. The lowest inflation was in January at 3.7%.
- Highest month
- May: 5.0%
- Lowest month
- January: 3.7%
- Difference
- 1.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 8.5%. The lowest price increase was in Health with an average of -2.6%.
- Highest increase
- Food and non-alcoholic beverages: 8.5%
- Lowest increase
- Health: -2.6%
Historical Context
Inflation is 2.1 percentage points lower than the 5-year average of 6.5%.
- 5-year average
- 6.5%
- 10-year average
- 5.7%
- All-time high (1992)
- 900.2%
- All-time low (2010)
- -1.1%
Trend
Over the period 2009-2011, inflation has remained relatively stable. Compared to 2010, inflation has risen by 5.5 percentage points.
- Change vs. previous year
- +5.5 percentage points
- Largest monthly swing
- February: +8.2 percentage points
ECB Target
Inflation is 2.4 percentage points 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 €104.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2011
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2010 |
|---|---|---|
| January | 3.7% | +6.8 |
| February | 4.0% | +8.2 |
| March | 4.2% | +8.1 |
| April | 4.5% | +7.2 |
| May | 5.0% | +7.3 |
| June | 4.8% | +6.2 |
| July | 4.3% | +4.9 |
| August | 4.7% | +5.0 |
| September | 4.6% | +4.2 |
| October | 4.4% | +3.4 |
| November | 4.2% | +2.3 |
| December | 4.0% | +1.5 |
| Average | 4.4% |
Data source
Data from OECD. Last updated: 13/01/2026.