Inflation Latvia 2026
Average inflation: 3.0%
Inflation in 2026
Inflation is high at 3.0%, well above the ECB target.
Peak and Trough
The highest inflation was in May at 3.5%. The lowest inflation was in February at 2.3%.
- Highest month
- May: 3.5%
- Lowest month
- February: 2.3%
- Difference
- 1.2 percentage points
- Months with data
- 9 of 12
Category Insights
The highest price increase was in Transport with an average of 6.2%. The lowest price increase was in Food and non-alcoholic beverages with an average of -0.7%.
- Highest increase
- Transport: 6.2%
- Lowest increase
- Food and non-alcoholic beverages: -0.7%
Historical Context
Inflation is 3.9 percentage points lower than the 5-year average of 6.9%.
- 5-year average
- 6.9%
- 10-year average
- 4.6%
- All-time high (2022)
- 17.2%
- All-time low (2010)
- -1.1%
Trend
Over the period 2024-2026, inflation shows an upward trend. Compared to 2025, inflation has fallen by 0.7 percentage points.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- February: -1.4 percentage points
ECB Target
Inflation is 1.0 percentage points 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 next year at this inflation rate.
Multi-year trend
Monthly figures 2026
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2025 |
|---|---|---|
| January | 2.9% | -0.1 |
| February | 2.3% | -1.4 |
| March | 3.4% | +0.1 |
| April | 2.9% | -1.0 |
| May | 3.5% | -0.1 |
| June | 3.4% | -0.4 |
| July | 2.6% | -1.2 |
| August | 3.2% | -0.9 |
| September | 3.2% | -0.9 |
| Average | 3.0% |
Data source
Data from OECD. Last updated: 26/10/2026. Not all months available yet.