Inflation in Latvia

Latvia - Inflation
Inflation comes hits highest level in over 26 years in June
Consumer prices rose 2.46% in June over the previous month, easing from May’s 3.91% rise. June’s result was mainly due to a moderation in prices for housing and utilities.
Nonetheless, inflation increased to 19.3% in June, following May’s 16.9% and marked the highest inflation rate since March 1996. Annual average inflation rose to 9.2% in June (May: 7.8%). Lastly, harmonized inflation rose to 19.2% in June, from the previous month's 16.8%.
FocusEconomics panelists see harmonized inflation averaging 11.2% in 2022, which is up 1 percentage points from the previous month’s forecast, and 4.7% in 2023.
Latvia - Inflation Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (CPI, annual variation in %) | 0.2 | 0.2 | 2.9 | 2.5 | 2.8 |
Latvia Inflation Chart

Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.
Latvia Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 0.55 | 0.0 % | Jun 30 |
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Latvia: Industrial output growth wanes in June
August 3, 2022
Industrial output grew 0.7% compared to the same month of the previous year in June, which was a deterioration from May's 6.4% increase.
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Latvia: Inflation comes hits highest level in over 26 years in June
July 8, 2022
Consumer prices rose 2.46% in June over the previous month, easing from May’s 3.91% rise.
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Latvia: Industrial output growth ebbs in April
June 3, 2022
Industrial output expanded 3.7% in year-on-year terms in April, which followed March's 6.3% increase.
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Latvia: GDP growth records best result since Q2 2021 in Q1 2022
May 31, 2022
A second estimate revealed that GDP growth improved to 6.7% year on year in the first quarter, from 3.1% in the fourth quarter of last year.
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Latvia: Industrial output growth improves in May
May 6, 2022
Industrial output rose 5.3% in year-on-year terms in May, which followed April's 3.7% increase.