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Inflation rates in Latvia

The inflation rate for consumer prices in Latvia moved over the past 29 years between -1.1% and 951.7%. For 2021, an inflation rate of 3.3% was calculated.
During the observation period from 1992 to 2021, the average inflation rate was 42.5% per year. Overall, the price increase was 10,603.58%. An item that cost 100 euros in 1992 costs 10,703.58 euros at the beginning of 2022.
For October 2022, the year-over-year inflation rate was 21.8%.
This includes energy (+56.6%) and food (+29.5%).
Inflation rates in global comparison
Back to overview: Latvia

Performance over the last 29 years compared with the USA

In only a few countries are negative inflation rates achieved. This means that the general price level is declining and consumer prices get cheaper. This is called deflation. In comparison to most other countries, the drastic price increases are no longer average. Usually this is a sign of political and economic turmoil.
Performance based on 100% in 1991:Performance in Latvia
      Latvia       USA

Inflation calculator for Latvia

Enter any amount, an initial year and an end year here. You will then be provided with the original amount after inflation. Example: 1,000 euros in 1992 corresponds to 107,035.77 euros at the beginning of 2022 due to inflation.
Original amount in euros:

Start year:

End year:

Inflation rates for consumer goods in Latvia

Inflation rates for consumer goods in Latvia

Energy and food

Food and energy inflation in Latvia
      Energy       Food

Historical inflation rates in comparison

YearLatviaØ EUØ USAØ World
20213.28 %2.55 %4.70 %3.42 %
20200.22 %0.50 %1.23 %1.92 %
20192.81 %1.63 %1.81 %2.19 %
20182.53 %1.74 %2.44 %2.44 %
20172.93 %1.43 %2.13 %2.19 %
20160.14 %0.18 %1.26 %1.55 %
20150.17 %-0.06 %0.12 %1.43 %
20140.62 %0.20 %1.62 %2.35 %
2013-0.03 %1.22 %1.46 %2.62 %
20122.26 %2.66 %2.07 %3.73 %
20114.37 %3.29 %3.16 %4.82 %
2010-1.08 %1.53 %1.64 %3.35 %
20093.53 %0.84 %-0.36 %2.94 %
200815.40 %4.16 %3.84 %8.95 %
200710.09 %2.51 %2.85 %4.82 %
20066.54 %2.67 %3.23 %4.28 %
20056.75 %2.49 %3.39 %4.11 %
20046.19 %2.29 %2.68 %3.38 %
20032.94 %2.09 %2.27 %3.03 %
20021.94 %2.42 %1.59 %2.83 %
20012.49 %3.37 %2.83 %3.84 %
20002.65 %3.15 %3.38 %3.49 %
19992.36 %2.16 %2.19 %3.08 %
19984.64 %2.42 %1.55 %5.11 %
19978.45 %3.11 %2.34 %5.57 %
199617.61 %3.56 %2.93 %6.55 %
199524.98 %4.43 %2.81 %9.15 %
199435.92 %4.72 %2.61 %10.32 %
1993108.99 %4.85 %2.95 %7.51 %
1992951.70 %6.22 %3.03 %7.71 %

Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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