Inflation Latvia 2014
Average inflation: 0.6%
Current Inflation
Inflation is very low at 0.6%, well below the ECB target.
Peak and Trough
The highest inflation was in September at 1.0%. The lowest inflation was in December at 0.2%.
- Highest month
- September: 1.0%
- Lowest month
- December: 0.2%
- Difference
- 0.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 4.4%. The lowest price increase was in Communication with an average of -1.8%.
- Highest increase
- Restaurants and hotels: 4.4%
- Lowest increase
- Communication: -1.8%
Historical Context
Current inflation is 0.6% lower than the 5-year average of 1.2%.
- 5-year average
- 1.2%
- 10-year average
- 4.9%
- All-time high (1995)
- 25%
- All-time low (2010)
- -1.1%
Trend
Inflation shows a downward trend. Compared to 2013, inflation has fallen by +0.6 percentage point.
- Change vs. previous year
- +0.6 percentage points
- Largest monthly swing
- September: +1.4 percentage points
ECB Target
Inflation is 1.4% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
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 €100.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 0.4% | -0.2 |
| February | 0.5% | +0.2 |
| March | 0.3% | +0.1 |
| April | 0.7% | +1.1 |
| May | 0.6% | +0.7 |
| June | 0.7% | +0.5 |
| July | 0.6% | +0.3 |
| August | 0.8% | +1.0 |
| September | 1.0% | +1.4 |
| October | 0.7% | +0.7 |
| November | 0.9% | +1.3 |
| December | 0.2% | +0.6 |
| Average | 0.6% |
Data source
Data from OECD. Last updated: 11/01/2026.