Latvia: inflation rate monthly 2024

The inflation rate for all items in Latvia was estimated at one percent in January 2024 relative to the corresponding period of the previous year. The inflation rate in the European Union (EU) as a whole was recorded at 3.4 percent in December 2023.

Harmonized index of consumer prices (HICP) inflation rate in Latvia from January 2020 to January 2024 (compared to the same month of the previous year)

Characteristic	HICP inflation rate compared to previous year
Dec 2023	1%
Nov 2023	0.9%
Oct 2023	1.1%
Sep 2023	2.3%
Aug 2023	5.6%
Jul 2023	6.6%
Jun 2023	8.1%
May 2023	12.3%
Apr 2023	15%
Mar 2023	17.2%
Feb 2023	20.1%
Jan 2023	21.4%
Dec 2022	20.7%
Nov 2022	21.7%
Oct 2022	21.7%
Sep 2022	22%
Aug 2022	21.4%
Jul 2022	21.3%
Jun 2022	19.2%
May 2022	16.8%
Apr 2022	13.1%
Mar 2022	11.5%
Feb 2022	8.8%
Jan 2022	7.5%
Dec 2021	7.9%
Nov 2021	7.4%
Oct 2021	6%
Sep 2021	4.7%
Aug 2021	3.6%
Jul 2021	2.8%
Jun 2021	2.7%
May 2021	2.6%
Apr 2021	1.7%
Mar 2021	0.3%
Feb 2021	-0.2%
Jan 2021	-0.5%
Dec 2020	-0.5%
Nov 2020	-0.7%
Oct 2020	-0.7%
Sep 2020	-0.4%
Aug 2020	-0.5%
Jul 2020	0.1%
Jun 2020	-1.1%
May 2020	-0.9%
Apr 2020	-0.1%
Mar 2020	1.4%
Feb 2020	2.3%
Jan 2020	2.2%

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Release date

February 2024

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Region

Latvia

Survey time period

January 2020 to January 2024

Supplementary notes

*Estimate.
The source defines the Harmonized Index of Consumer Prices (HICP) as a "comparable measure of inflation for the countries and country groups for which it is produced. It is an economic indicator that measures the change over time of the prices of consumer goods and services acquired by households."

The inflation rate is the percentage change in the price index for a given period compared to that recorded in a previous period. Not seasonally adjusted.

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