🇱🇻Latvia inflation rate
Latvia adopted the euro in 2014. Harmonised inflation (HICP) — the EU-wide measure the European Central Bank targets at 2% — stands at 3.5% as of May 2026. That is 1.5 percentage points above the ECB's 2% target, and 0.3 points above the euro-area average of 3.2%.
The breakdown shows core (excluding energy and food) at 3.4%, energy at 13.0%, food at -0.4% and services at 5.4%. The strongest pressure is in energy (13.0%), while food is the softest (-0.4%).
Month on month the headline rose from 2.9% to 3.5%, extending the climb.
Harmonised inflation (HICP) · annual rate
3.5%
vs 2% target
+1.5pp
Latvia's harmonised inflation is 3.5% as of May 2026 — abovethe European Central Bank's 2% target by 1.5 percentage points.
Core (excl. energy & food)
3.4%
▲ 0.8pp vs prev
Energy
13.0%
▲ 1.3pp vs prev
Food
−0.4%
▼ 0.5pp vs prev
Services
5.4%
▲ 1.4pp vs prev
Source: Eurostat (HICP) · data through May 2026 · modifications: none
Compare with the rest of the bloc on the eurozone inflation ranking →