Inflation Latvia 2020
Average inflation: 0.2%
Current Inflation
Inflation is very low at 0.2%, well below the ECB target.
Peak and Trough
The highest inflation was in February at 2.3%. The lowest inflation was in June at -0.7%.
- Highest month
- February: 2.3%
- Lowest month
- June: -0.7%
- Difference
- 3.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Health with an average of 3.0%. The lowest price increase was in Transport with an average of -3.7%.
- Highest increase
- Health: 3.0%
- Lowest increase
- Transport: -3.7%
Historical Context
Current inflation is 1.5% lower than the 5-year average of 1.7%.
- 5-year average
- 1.7%
- 10-year average
- 1.6%
- All-time high (2008)
- 15.5%
- All-time low (2010)
- -1.1%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +2.6 percentage point.
- Change vs. previous year
- -2.6 percentage points
- Largest monthly swing
- May: -3.9 percentage points
ECB Target
Inflation is 1.8% 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 €100.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 2.2% | -0.8 |
| February | 2.3% | -0.6 |
| March | 1.4% | -1.4 |
| April | 0.0% | -3.4 |
| May | -0.6% | -3.9 |
| June | -0.7% | -3.7 |
| July | 0.5% | -2.4 |
| August | -0.2% | -3.4 |
| September | -0.3% | -2.9 |
| October | -0.7% | -3.0 |
| November | -0.7% | -2.8 |
| December | -0.5% | -2.8 |
| Average | 0.2% |
Data source
Data from OECD. Last updated: 13/01/2026.