Development of inflation rates in Latvia
The inflation rate for consumer prices in Latvia moved over the past 27 years between -1.1% and 951.7%. For 2019, an inflation rate of 2.8% was calculated.During the observation period from 1992 to 2019, the average inflation rate was 45.5% per year. Overall, the price increase was 10,241.41 %. An item that cost 100 Euro in 1992 was so charged 10,341.41 Euro in the beginning of 2020.
In only a few countries negative inflation rates are achieved. This means that the general price level is declining and consumer prices get cheaper. This case is called deflation.In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.
Back to overview: Latvia
Performance over the last 27 years compared to the European Union
Performance based on 100% in 1991.
Inflation calculator for Latvia
Enter any amount, an initial year and an end year here. You will then be issued with the amount that arose from the original amount after inflation. Example: 1000 Euro in 1992 corresponds to an amount of 103,414.14 Euro at the beginning of 2020 due to inflation.Development of inflation rates for consumer goods in Latvia
| Jahr | Latvia | Ø European Union |
|---|---|---|
| 1992 | 951.70 % | 5.60 % |
| 1993 | 108.99 % | 4.79 % |
| 1994 | 35.92 % | 4.71 % |
| 1995 | 24.98 % | 4.32 % |
| 1996 | 17.61 % | 3.31 % |
| 1997 | 8.45 % | 2.72 % |
| 1998 | 4.64 % | 2.40 % |
| 1999 | 2.36 % | 2.15 % |
| 2000 | 2.65 % | 3.10 % |
| 2001 | 2.49 % | 3.15 % |
| 2002 | 1.94 % | 2.31 % |
| 2003 | 2.94 % | 2.08 % |
| 2004 | 6.19 % | 2.26 % |
| 2005 | 6.75 % | 2.47 % |
| 2006 | 6.54 % | 2.60 % |
| 2007 | 10.09 % | 2.48 % |
| 2008 | 15.40 % | 4.16 % |
| 2009 | 3.53 % | 0.93 % |
| 2010 | -1.08 % | 1.53 % |
| 2011 | 4.37 % | 3.29 % |
| 2012 | 2.26 % | 2.66 % |
| 2013 | -0.03 % | 1.22 % |
| 2014 | 0.62 % | 0.20 % |
| 2015 | 0.17 % | -0.06 % |
| 2016 | 0.14 % | 0.18 % |
| 2017 | 2.93 % | 1.43 % |
| 2018 | 2.53 % | 1.74 % |
| 2019 | 2.81 % | 1.63 % |