Latvia — Inflation
Inflation, Consumer Prices (Annual %) for Latvia, 1992–2025.
Latest value · 2025
3.75%
Inflation, Consumer Prices (Annual %) · annual % · -99.6% since 1992
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 3.79%, so Latvia sits below it. It peaked in 1992 and has fallen 100% since. Over the last decade (2015–2025) the figure moved up 2050%.
Key figures
Latest (2025)
3.75%
First (1992)
951.70%
Change
-99.6%
Highest
951.70%
in 1992
Lowest
-1.08%
in 2010
Average
37.14%
Annual growth (CAGR)
-15.45%
Years of data
34
Recent years
| Year | annual % |
|---|---|
| 2025 | 3.75% |
| 2024 | 1.27% |
| 2023 | 8.94% |
| 2022 | 17.31% |
| 2021 | 3.28% |
| 2020 | 0.22% |
| 2019 | 2.81% |
| 2018 | 2.53% |
| 2017 | 2.93% |
| 2016 | 0.14% |
| 2015 | 0.17% |
| 2014 | 0.62% |
Reading this correctly. Annual percentage change in the cost to the average consumer of acquiring a basket of goods and services. A negative value means deflation. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.