Inflation Latvia 2016
Average inflation: 0.1%
Current Inflation
Inflation is very low at 0.1%, well below the ECB target.
Peak and Trough
The highest inflation was in December at 2.2%. The lowest inflation was in April at -0.8%.
- Highest month
- December: 2.2%
- Lowest month
- April: -0.8%
- Difference
- 3.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 3.3%. The lowest price increase was in Housing, water, electricity, gas and other fuels with an average of -2.9%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 3.3%
- Lowest increase
- Housing, water, electricity, gas and other fuels: -2.9%
Historical Context
Current inflation is 0.5% lower than the 5-year average of 0.6%.
- 5-year average
- 0.6%
- 10-year average
- 3.6%
- All-time high (2008)
- 15.5%
- All-time low (2010)
- -1.1%
Trend
Inflation has remained relatively stable. Compared to 2015, the difference is minimal (-0.1 percentage point).
- Change vs. previous year
- -0.1 percentage points
- Largest monthly swing
- May: -2.0 percentage points
ECB Target
Inflation is 1.9% 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 €100.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | -0.3% | +0.1 |
| February | -0.5% | -0.4 |
| March | -0.6% | -1.0 |
| April | -0.8% | -1.3 |
| May | -0.8% | -2.0 |
| June | -0.5% | -1.1 |
| July | 0.1% | +0.1 |
| August | 0.0% | -0.1 |
| September | 0.6% | +1.1 |
| October | 1.0% | +1.2 |
| November | 1.3% | +1.3 |
| December | 2.2% | +1.9 |
| Average | 0.1% |
Data source
Data from OECD. Last updated: 11/01/2026.