Latvia — Inflation
Inflation, Consumer Prices (Annual %) for Latvia, 1992–2025.
Inflation for Latvia was 3.75% in 2025, according to the latest World Bank data. The series covers 34 years, from 1992 to 2025. The highest recorded value was 951.70% in 1992. The lowest was -1.08% in 2010 (about -3.5× the low point). Across that span the compound annual growth rate works out to -15.45% per year.
Latvia ranks 73 of 187 economies on this measure (1 = highest), putting it in the top 39%. The median for Europe & Central Asia is 3.75%, so Latvia sits level with it. It peaked in 1992 and has fallen 100% since. Over the last decade (2015–2025) the figure moved up 2050%. Within Europe & Central Asia it ranks 25 of 49 economies; Croatia (3.69%) is just below it. Its sharpest one-year move was up 2207% in 2014. That is 5% below this series' own ten-year average.
Data highlights
World ranking. Slipped: 5th of 142 in 1992 → 99th of 163 in 2000 → 181st of 186 in 2010 → 139th of 178 in 2020 → 64th of 169 in 2025.
Key figures
Full history — 1992 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 3.75% | +2.5 pp |
| 2024 | 1.27% | -7.7 pp |
| 2023 | 8.94% | -8.4 pp |
| 2022 | 17.31% | +14.0 pp |
| 2021 | 3.28% | +3.1 pp |
| 2020 | 0.22% | -2.6 pp |
| 2019 | 2.81% | +0.3 pp |
| 2018 | 2.53% | -0.4 pp |
| 2017 | 2.93% | +2.8 pp |
| 2016 | 0.14% | -0.0 pp |
| 2015 | 0.17% | -0.4 pp |
| 2014 | 0.62% | +0.6 pp |
| 2013 | -0.03% | -2.3 pp |
| 2012 | 2.26% | -2.1 pp |
| 2011 | 4.37% | +5.5 pp |
| 2010 | -1.08% | -4.6 pp |
| 2009 | 3.53% | -11.9 pp |
| 2008 | 15.4% | +5.3 pp |
| 2007 | 10.09% | +3.6 pp |
| 2006 | 6.54% | -0.2 pp |
| 2005 | 6.75% | +0.6 pp |
| 2004 | 6.19% | +3.2 pp |
| 2003 | 2.94% | +1.0 pp |
| 2002 | 1.94% | -0.5 pp |
| 2001 | 2.49% | -0.2 pp |
| 2000 | 2.65% | +0.3 pp |
| 1999 | 2.36% | -2.3 pp |
| 1998 | 4.64% | -3.8 pp |
| 1997 | 8.45% | -9.2 pp |
| 1996 | 17.61% | -7.4 pp |
| 1995 | 24.98% | -10.9 pp |
| 1994 | 35.92% | -73.1 pp |
| 1993 | 108.99% | -842.7 pp |
| 1992 | 951.7% | — |
Frequently asked questions
What was Latvia’s Inflation in 1993?
108.99% (1993). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Latvia’s Inflation growing or shrinking?
Between 1992 and 2025 the series was shrinking overall: -99.6% in total — about 15.4% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 3.75%; 2024: 1.27%; 2023: 8.94%; 2022: 17.31%; 2021: 3.28%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.