🇱🇻Latvia inflation rate
released 19 Aug 2026 · data through July 2026 · next release expected 31 Aug 2026
Latvia adopted the euro in 2014. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 2.5% as of July 2026. That is 0.5 percentage points above the ECB's 2% target, and 0.5 points below the eurozone average of 3.0%.
The breakdown shows core (excluding energy and food) at 3.6%, energy at 8.0%, food at -2.0% and services at 5.3%. The strongest pressure is in energy (8.0%), while food is the softest (-2.0%).
Month on month the headline eased from 3.3% to 2.5%, a step down from the month before.
Latvia ranks number 22 of 30 European economies by annual inflation, from highest to lowest, between Finland and France.
Latvia's harmonised inflation is 2.5% as of July 2026 — abovethe European Central Bank's 2% target by 0.5 percentage points.
Compare with the rest of Europe on the European inflation ranking →
Frequently asked questions
- What is Latvia's current inflation rate?
- Latvia's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 2.5% as of July 2026.
- Is Latvia's inflation above or below the ECB's 2% target?
- At 2.5%, it is 0.5 percentage points above the European Central Bank's 2% target.
- How does Latvia's inflation compare with the rest of Europe?
- Latvia ranks number 22 of 30 European economies by inflation, 0.5 points below the eurozone average of 3.0%.
- Did Latvia's inflation rise or fall last month?
- Month on month, the headline rate eased from 3.3% to 2.5% in July 2026.