Inflation Latvia 2019
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in April at 3.4%. The lowest inflation was in November at 2.1%.
- Highest month
- April: 3.4%
- Lowest month
- November: 2.1%
- Difference
- 1.3 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 5.5%. The lowest price increase was in Transport with an average of 0.6%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 5.5%
- Lowest increase
- Transport: 0.6%
Historical Context
Current inflation is 1.1% higher than the 5-year average of 1.7%.
- 5-year average
- 1.7%
- 10-year average
- 1.5%
- All-time high (2008)
- 15.5%
- All-time low (2010)
- -1.1%
Trend
Inflation has remained relatively stable. Compared to 2018, the difference is minimal (+0.3 percentage point).
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- April: +1.4 percentage points
ECB Target
Inflation is 0.8% 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 €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 3.0% | +1.0 |
| February | 2.9% | +1.1 |
| March | 2.8% | +0.6 |
| April | 3.4% | +1.4 |
| May | 3.3% | +1.0 |
| June | 3.0% | +0.2 |
| July | 2.9% | +0.3 |
| August | 3.2% | +0.4 |
| September | 2.6% | -0.6 |
| October | 2.3% | -0.9 |
| November | 2.1% | -0.9 |
| December | 2.3% | -0.3 |
| Average | 2.8% |
Data source
Data from OECD. Last updated: 13/01/2026.