Inflation Latvia 2025
Average inflation: 3.8%
Current Inflation
Inflation is high at 3.8%, well above the ECB target.
Peak and Trough
The highest inflation was in October at 4.3%. The lowest inflation was in January at 3.0%.
- Highest month
- October: 4.3%
- Lowest month
- January: 3.0%
- Difference
- 1.3 percentage points
- Months with data
- 11 of 12
Category Insights
The highest price increase was in Education with an average of 10.0%. The lowest price increase was in Transport with an average of -0.0%.
- Highest increase
- Education: 10.0%
- Lowest increase
- Transport: -0.0%
Historical Context
Current inflation is 3.2% lower than the 5-year average of 7.0%.
- 5-year average
- 7%
- 10-year average
- 5.9%
- All-time high (2022)
- 17.2%
- All-time low (2020)
- 0.2%
Trend
Inflation shows a downward trend. Compared to 2024, inflation has fallen by +2.5 percentage point.
- Change vs. previous year
- +2.5 percentage points
- Largest monthly swing
- May: +3.5 percentage points
ECB Target
Inflation is 1.8% 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 €103.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2025
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2024 |
|---|---|---|
| January | 3.0% | +2.1 |
| February | 3.7% | +3.3 |
| March | 3.3% | +2.4 |
| April | 3.9% | +2.8 |
| May | 3.6% | +3.5 |
| June | 3.8% | +2.4 |
| July | 3.8% | +3.1 |
| August | 4.1% | +3.4 |
| September | 4.1% | +2.7 |
| October | 4.3% | +2.3 |
| November | 3.8% | +1.6 |
| Average | 3.8% |
Data source
Data from OECD. Last updated: 13/01/2026.Not all months available yet.