Inflation Latvia 2018
Average inflation: 2.5%
Current Inflation
Inflation is normal at 2.5%, around the ECB target.
Peak and Trough
The highest inflation was in September at 3.2%. The lowest inflation was in February at 1.8%.
- Highest month
- September: 3.2%
- Lowest month
- February: 1.8%
- Difference
- 1.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 4.9%. The lowest price increase was in Furnishings, household equipment and maintenance with an average of -0.3%.
- Highest increase
- Transport: 4.9%
- Lowest increase
- Furnishings, household equipment and maintenance: -0.3%
Historical Context
Current inflation is 1.2% higher than the 5-year average of 1.3%.
- 5-year average
- 1.3%
- 10-year average
- 1.6%
- All-time high (2008)
- 15.5%
- All-time low (2010)
- -1.1%
Trend
Inflation shows an upward trend. Compared to 2017, inflation has risen by -0.4 percentage point.
- Change vs. previous year
- -0.4 percentage points
- Largest monthly swing
- February: -1.5 percentage points
ECB Target
Inflation is 0.5% 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 €102.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 2.0% | -0.9 |
| February | 1.8% | -1.5 |
| March | 2.2% | -1.2 |
| April | 2.0% | -1.4 |
| May | 2.3% | -0.5 |
| June | 2.8% | -0.2 |
| July | 2.6% | 0.0 |
| August | 2.8% | -0.3 |
| September | 3.2% | +0.3 |
| October | 3.2% | +0.4 |
| November | 3.0% | +0.3 |
| December | 2.6% | +0.4 |
| Average | 2.5% |
Data source
Data from OECD. Last updated: 11/01/2026.