Inflation Latvia 2017
Average inflation: 2.9%
Current Inflation
Inflation is normal at 2.9%, around the ECB target.
Peak and Trough
The highest inflation was in March at 3.4%. The lowest inflation was in December at 2.2%.
- Highest month
- March: 3.4%
- Lowest month
- December: 2.2%
- Difference
- 1.2 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 5.6%. The lowest price increase was in Clothing and footwear with an average of -1.9%.
- Highest increase
- Food and non-alcoholic beverages: 5.6%
- Lowest increase
- Clothing and footwear: -1.9%
Historical Context
Current inflation is 2.1% higher than the 5-year average of 0.8%.
- 5-year average
- 0.8%
- 10-year average
- 2.9%
- All-time high (2008)
- 15.5%
- All-time low (2010)
- -1.1%
Trend
Inflation shows an upward trend. Compared to 2016, inflation has risen by +2.8 percentage point.
- Change vs. previous year
- +2.8 percentage points
- Largest monthly swing
- April: +4.2 percentage points
ECB Target
Inflation is 0.9% 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 €102.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 2.9% | +3.2 |
| February | 3.3% | +3.8 |
| March | 3.4% | +4.0 |
| April | 3.4% | +4.2 |
| May | 2.8% | +3.6 |
| June | 3.0% | +3.5 |
| July | 2.6% | +2.5 |
| August | 3.1% | +3.1 |
| September | 2.9% | +2.3 |
| October | 2.8% | +1.8 |
| November | 2.7% | +1.4 |
| December | 2.2% | 0.0 |
| Average | 2.9% |
Data source
Data from OECD. Last updated: 13/01/2026.