What is Latvia's current inflation rate?

Latvia's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 2.9% as of September 2026 This is a flash estimate and may be revised at the final release..

Is Latvia's inflation above or below the ECB's 2% target?

At 2.9%, it is 0.9 percentage points above the European Central Bank's 2% target.

How does Latvia's inflation compare with the rest of Europe?

Latvia ranks number 23 of 30 European economies by inflation, 0.9 points below the eurozone average of 3.8%.

Did Latvia's inflation rise or fall last month?

Month on month, the headline rate eased from 3.0% to 2.9% in September 2026.

🇱🇻Latvia inflation rate

released 2 Oct 2026 · data through September 2026 · flash estimate · next release expected 17 Oct 2026

Latvia adopted the euro in 2014. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 2.9% as of September 2026. That is 0.9 percentage points above the ECB's 2% target, and 0.9 points below the eurozone average of 3.8%.

The breakdown shows core (excluding energy and food) at 2.9%, energy at 16.7%, food at -3.1% and services at 4.3%. The strongest pressure is in energy (16.7%), while food is the softest (-3.1%).

Month on month the headline eased from 3.0% to 2.9%, a step down from the month before.

Latvia ranks number 23 of 30 European economies by annual inflation, from highest to lowest, between Netherlands and Finland.

Harmonised inflation (HICP) · annual rate

2.9%

vs 2% target

+0.9 pp

Harmonised inflation (HICP) is 2.9% as of September 2026 — that is 0.9 percentage points above the ECB's 2% target.

core (excluding energy and food)

2.9%

▼ 0.7 pp vs prev

energy

16.7%

▲ 4.5 pp vs prev

food

-3.1%

▼ 0.8 pp vs prev

services

4.3%

▼ 0.8 pp vs prev

Latvia — annual HICP inflation rate, last 10 years

Source: Eurostat (HICP) · data through September 2026 · modifications: none

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 2.9% as of September 2026 This is a flash estimate and may be revised at the final release..
Is Latvia's inflation above or below the ECB's 2% target?: At 2.9%, it is 0.9 percentage points above the European Central Bank's 2% target.
How does Latvia's inflation compare with the rest of Europe?: Latvia ranks number 23 of 30 European economies by inflation, 0.9 points below the eurozone average of 3.8%.
Did Latvia's inflation rise or fall last month?: Month on month, the headline rate eased from 3.0% to 2.9% in September 2026.

🇱🇻Latvia inflation rate

Frequently asked questions

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