Annual inflation, consumer prices in Latvia
Latvia: Annual inflation, consumer prices was 1.3% in 2024. ◆ Volatile
Annual inflation, consumer prices in Latvia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual inflation, consumer prices in Latvia is 1.3%, measured in 2024.
That represents a change of down 85.8% on the previous year and up 104.0% over ten years.
Over the whole period, annual inflation, consumer prices in Latvia peaked at 17.3% in 2022 and was at its lowest, -1.1%, in 2010.
That places Latvia 171st out of 203 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual inflation, consumer prices in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 2.7% | — |
| 2001 | 2.5% | -6.3% |
| 2002 | 1.9% | -22.0% |
| 2003 | 2.9% | +51.8% |
| 2004 | 6.2% | +110.4% |
| 2005 | 6.7% | +9.0% |
| 2006 | 6.5% | -3.1% |
| 2007 | 10.1% | +54.4% |
| 2008 | 15.4% | +52.6% |
| 2009 | 3.5% | -77.1% |
| 2010 | -1.1% | -130.7% |
| 2011 | 4.4% | -503.0% |
| 2012 | 2.3% | -48.3% |
| 2013 | -0.0% | -101.3% |
| 2014 | 0.6% | -2206.6% |
| 2015 | 0.2% | -71.9% |
| 2016 | 0.1% | -19.3% |
| 2017 | 2.9% | +1983.7% |
| 2018 | 2.5% | -13.5% |
| 2019 | 2.8% | +10.9% |
| 2020 | 0.2% | -92.2% |
| 2021 | 3.3% | +1395.4% |
| 2022 | 17.3% | +428.4% |
| 2023 | 8.9% | -48.4% |
| 2024 | 1.3% | -85.8% |
Latvia compared with similar countries
- Latvia's 1.3% is below the median for high income countries, which is 2.4%, 53% of the median. (64 countries reporting)
- Latvia's 1.3% is below the median for Europe & Central Asia, which is 2.8%, 46% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Annual inflation, consumer prices in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +2206.6% | -0.0% | 0.6% |
| 2017 | +1983.7% | 0.1% | 2.9% |
| 2021 | +1395.4% | 0.2% | 3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.9% | 1.9% | 15.4% | 10 |
| 2010s | 1.5% | -1.1% | 4.4% | 10 |
| 2020s | 6.2% | 0.2% | 17.3% | 5 |
Countries ranked near Latvia
More development goals data for Latvia
- Red List Index 0.9865 index (2025)
- Number of refugees per 100,000 population, by country of origin 10.3 per 100,000 people (2025)
- Manufacturing value added per capita 2,043 constant US$ (2025)
- Number of transboundary breeds 24 (2025)
- Number of transboundary breeds (not extinct) 24 (2025)
- Number of transboundary breeds with unknown risk status 0 (2025)
- Number of local breeds with unknown risk status 0 (2025)
- Number of local breeds (not extinct) 18 (2025)
- Number of local breeds kept in the country 19 (2025)
- Infant deaths 30 (2024)
Frequently asked questions
- What is annual inflation, consumer prices in Latvia?
- Annual inflation, consumer prices in Latvia was 1.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual inflation, consumer prices recorded in Latvia?
- The highest recorded value was 17.3% in 2022.
- What is the lowest annual inflation, consumer prices recorded in Latvia?
- The lowest recorded value was -1.1% in 2010.
- How does Latvia rank for annual inflation, consumer prices?
- Latvia ranks 171st out of 203 countries with data for 2024.
- Is annual inflation, consumer prices rising or falling in Latvia?
- Over the last ten years it is up 104.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).