Latvia Historical Inflation Rates

The graph above displays annual inflation rates in Latvia for calendar years from 1992 to 2023. To calculate cumulative rates between two different periods, you can use the Latvia Inflation Calculator.

Historical Annual Inflation Rates from 1992

The table below contains annual inflation rates in Latvia from 1992. The 'Inflation %' column indicates how much prices have changed since the previous year.

The 5-year and 10-year columns display the rolling average of the yearly inflation. For example, the 5-year avg. on the first row indicates that between 2018 and 2023, the average inflation rate was 6.34%. These values can be useful for long-term analysis and forecasting.

Year Inflation 5-year Avg. 10-year Avg.
1992 959.02 - -
1993 34.87 - -
1994 26.26 - -
1995 23.13 - -
1996 13.12 113.07 -
1997 7.01 35.26 -
1998 2.76 17.79 -
1999 3.20 11.29 -
2000 1.80 7.00 -
2001 3.18 4.09 48.93
2002 1.39 2.81 17.93
2003 3.62 2.48 9.87
2004 7.32 3.23 7.19
2005 6.96 4.04 5.51
2006 6.84 4.85 4.47
2007 14.06 6.48 4.63
2008 10.54 8.94 5.66
2009 -1.17 8.39 5.78
2010 2.54 6.75 5.39
2011 4.03 6.31 5.58
2012 1.60 4.75 5.61
2013 -0.42 1.79 5.30
2014 0.20 1.21 4.74
2015 0.34 1.47 4.07
2016 2.18 0.63 3.43
2017 2.15 0.76 2.74
2018 2.55 1.27 1.53
2019 2.26 1.71 1.46
2020 -0.50 1.72 1.59
2021 7.92 2.35 1.49
2022 20.83 5.06 2.89
2023 0.63 6.34 3.78

Monthly Inflation Rates (YoY) | 1992-2024

The following table contains YoY (year-over-year) inflation rates calculated from monthly CPI data publications. The value of each month indicates the rolling average inflation rate for the last 12 months.

This information is particularly useful to track inflation for the current year as it's not possible to calculate the final value until the year is over.

The values on the December column are equivalent to annual inflation rates. For example, the 0.63% rate shown under 2023 and December matches the value shown in the table above as the annual inflation rate.

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg.
1992 361.64 502.41 660.23 635.64 716.50 815.09 975.00 1,137.62 1,181.36 1,412.80 1,445.26 959.02 900.21
1993 571.22 365.60 256.05 221.67 183.47 151.44 111.80 79.24 63.16 35.43 31.60 34.87 175.46
1994 34.35 35.01 34.26 37.41 38.05 37.68 38.06 43.13 41.67 38.23 29.58 26.26 36.14
1995 25.90 25.58 26.64 25.70 27.17 26.47 25.42 22.68 23.69 24.01 24.02 23.13 25.03
1996 23.16 21.46 20.20 18.51 17.42 17.61 17.71 17.48 16.15 15.72 14.36 13.12 17.74
1997 11.35 9.87 8.65 8.83 9.06 7.53 7.66 8.62 8.11 7.66 7.36 7.01 8.48
1998 6.35 6.13 5.99 6.03 5.39 5.90 4.58 3.65 3.50 2.89 2.80 2.76 4.66
1999 2.67 2.63 2.34 1.49 1.88 1.90 1.75 2.08 2.35 2.86 3.24 3.20 2.37
2000 3.09 3.47 3.24 3.75 3.08 2.42 2.86 2.42 2.21 1.97 1.59 1.80 2.66
2001 1.35 0.64 1.35 1.35 2.65 3.05 3.13 3.05 3.64 3.34 3.14 3.18 2.49
2002 3.42 3.30 3.20 2.92 2.02 0.98 1.00 0.89 1.00 1.64 1.59 1.39 1.95
2003 1.42 2.07 2.23 2.47 2.46 3.74 3.80 3.47 3.15 3.26 3.62 3.62 2.94
2004 3.90 4.30 4.78 5.05 6.21 6.12 6.66 7.74 7.71 7.25 7.20 7.32 6.19
2005 6.64 6.89 6.44 6.94 6.34 6.31 6.11 6.07 7.22 7.62 7.41 6.96 6.75
2006 7.51 6.89 6.54 6.08 6.63 6.29 6.95 6.81 5.94 5.65 6.37 6.84 6.54
2007 7.13 7.29 8.52 8.85 8.16 8.80 9.46 10.11 11.39 13.19 13.69 14.06 10.05
2008 15.75 16.68 16.76 17.50 17.90 17.70 16.67 15.74 14.88 13.79 11.79 10.54 15.48
2009 9.83 9.58 8.24 6.19 4.67 3.39 2.45 1.84 0.51 -0.86 -1.17 -1.17 3.63
2010 -3.12 -4.18 -3.94 -2.73 -2.31 -1.38 -0.58 -0.25 0.42 0.99 1.91 2.54 -1.05
2011 3.68 3.99 4.23 4.51 4.96 4.81 4.31 4.69 4.62 4.44 4.15 4.03 4.37
2012 3.57 3.42 3.29 2.76 2.23 1.90 1.68 1.74 1.82 1.60 1.57 1.60 2.26
2013 0.59 0.32 0.22 -0.36 -0.12 0.16 0.33 -0.21 -0.39 -0.04 -0.42 -0.42 -0.03
2014 0.39 0.48 0.31 0.73 0.60 0.67 0.63 0.83 1.04 0.67 0.89 0.20 0.62
2015 -0.38 -0.07 0.43 0.54 1.17 0.63 0.02 0.10 -0.52 -0.20 0.03 0.34 0.17
2016 -0.28 -0.48 -0.57 -0.79 -0.77 -0.54 0.12 -0.02 0.57 1.04 1.26 2.18 0.14
2017 2.90 3.26 3.40 3.42 2.84 3.03 2.65 3.10 2.91 2.81 2.73 2.15 2.93
2018 2.00 1.80 2.17 2.00 2.29 2.76 2.64 2.82 3.20 3.20 2.95 2.55 2.53
2019 3.05 2.89 2.77 3.44 3.35 3.04 2.88 3.16 2.55 2.26 2.11 2.26 2.81
2020 2.18 2.25 1.40 0.04 -0.58 -0.72 0.48 -0.23 -0.25 -0.66 -0.68 -0.50 0.23
2021 -0.48 -0.19 0.29 1.67 2.61 2.71 2.83 3.74 4.81 6.04 7.47 7.92 3.29
2022 7.45 8.73 11.48 12.99 16.86 19.34 21.51 21.55 22.17 21.76 21.84 20.83 17.21
2023 21.50 20.26 17.26 15.09 12.10 7.93 6.40 5.37 3.32 2.09 0.95 0.63 9.41
2024 0.93 0.42 0.91 1.09 0.09 1.37 0.71 0.74 1.42 2.05 2.25 1.09

Monthly Inflation Rates (MoM) | 1991-2024

This table contains MoM (Month-over-Month) inflation rates calculated from official CPI data publications.

MoM measures are more volatile than YoY because they are influenced by short term events such changes in the monetary policy, stock market crashes or natural disasters.

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg.
1991 13.70 6.02 14.77 1.98 2.91 1.89 0.93 8.26 5.93 9.60 49.64 10.51
1992 64.39 48.37 33.80 11.06 13.19 15.34 19.69 16.19 12.08 25.07 11.95 2.55 22.81
1993 4.19 2.92 2.32 0.34 -0.25 2.31 0.82 -1.67 2.03 3.81 8.79 5.10 2.56
1994 3.79 3.42 1.75 2.69 0.21 2.04 1.10 1.94 0.98 1.29 1.98 2.41 1.97
1995 3.49 3.16 2.61 1.93 1.38 1.48 0.26 -0.28 1.81 1.55 1.98 1.68 1.75
1996 3.51 1.74 1.54 0.49 0.45 1.65 0.34 -0.48 0.66 1.18 0.79 0.57 1.04
1997 1.90 0.38 0.42 0.66 0.66 0.22 0.47 0.41 0.18 0.76 0.51 0.24 0.57
1998 1.27 0.18 0.29 0.70 0.05 0.71 -0.79 -0.48 0.04 0.16 0.43 0.19 0.23
1999 1.18 0.14 0.00 -0.14 0.44 0.73 -0.93 -0.16 0.30 0.66 0.79 0.15 0.26
2000 1.08 0.51 -0.22 0.35 -0.22 0.08 -0.51 -0.58 0.09 0.43 0.42 0.35 0.15
2001 0.64 -0.20 0.49 0.35 1.06 0.48 -0.43 -0.66 0.66 0.13 0.23 0.39 0.26
2002 0.88 -0.32 0.39 0.08 0.18 -0.55 -0.40 -0.76 0.77 0.76 0.18 0.19 0.12
2003 0.92 0.32 0.54 0.32 0.17 0.69 -0.34 -1.08 0.46 0.87 0.53 0.19 0.30
2004 1.19 0.71 1.00 0.57 1.27 0.61 0.16 -0.07 0.43 0.44 0.48 0.30 0.59
2005 0.55 0.95 0.58 1.04 0.70 0.59 -0.03 -0.11 1.52 0.81 0.28 -0.11 0.56
2006 1.07 0.37 0.25 0.60 1.23 0.27 0.58 -0.23 0.69 0.53 0.97 0.33 0.55
2007 1.35 0.51 1.40 0.91 0.59 0.86 1.19 0.36 1.85 2.16 1.41 0.65 1.10
2008 2.85 1.31 1.47 1.54 0.94 0.68 0.30 -0.44 1.09 1.19 -0.37 -0.48 0.84
2009 2.19 1.08 0.23 -0.38 -0.51 -0.55 -0.60 -1.03 -0.23 -0.19 -0.67 -0.48 -0.09
2010 0.17 -0.02 0.48 0.88 -0.08 0.40 0.20 -0.71 0.45 0.38 0.23 0.14 0.21
2011 1.29 0.28 0.71 1.14 0.36 0.26 -0.28 -0.35 0.38 0.21 -0.04 0.02 0.33
2012 0.84 0.14 0.58 0.62 -0.16 -0.07 -0.50 -0.29 0.46 -0.01 -0.08 0.04 0.13
2013 -0.16 -0.13 0.49 0.04 0.07 0.21 -0.33 -0.82 0.28 0.35 -0.46 0.05 -0.03
2014 0.65 -0.05 0.33 0.46 -0.06 0.29 -0.37 -0.62 0.49 -0.02 -0.25 -0.64 0.02
2015 0.06 0.27 0.82 0.58 0.56 -0.24 -0.98 -0.53 -0.14 0.30 -0.01 -0.33 0.03
2016 -0.56 0.07 0.74 0.35 0.58 -0.01 -0.32 -0.68 0.46 0.77 0.20 0.58 0.18
2017 0.14 0.41 0.87 0.38 0.02 0.17 -0.69 -0.24 0.26 0.67 0.13 0.01 0.18
2018 -0.01 0.22 1.24 0.20 0.31 0.63 -0.80 -0.07 0.64 0.67 -0.12 -0.37 0.21
2019 0.47 0.06 1.13 0.85 0.22 0.34 -0.96 0.20 0.05 0.38 -0.26 -0.23 0.19
2020 0.39 0.14 0.29 -0.51 -0.40 0.19 0.24 -0.51 0.02 -0.03 -0.28 -0.04 -0.04
2021 0.41 0.43 0.77 0.86 0.52 0.29 0.37 0.37 1.05 1.14 1.07 0.37 0.64
2022 -0.03 1.63 3.32 2.23 3.95 2.42 2.19 0.41 1.57 0.79 1.14 -0.45 1.60
2023 0.53 0.59 0.74 0.34 1.25 -1.39 0.74 -0.56 -0.40 -0.41 0.00 -0.77 0.05
2024 0.83 0.08 1.24 0.51 0.25 -0.13 0.08 -0.53 0.26 0.21 0.20 0.27

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