Latvia Consumer Price Index
Consumer price index (2010 = 100) FP.CPI.TOTL
Latvia's consumer price index was 171.94 in 2025, ranked 83rd globally. This represents a 9.8% increase from 2024. Data from World Bank, covering 1991–2025.
Overview
Latvia's consumer price index stood at 171.94 in 2025, a rise of +15.42 from 2024. Based on recent trends, this figure is projected to reach 171.94 by 2025. Latvia ranked 83rd globally.
Latvia’s Consumer Price Index (CPI) has risen dramatically over the 35‑year series, moving from a trough of 1.13 in 1991 to an all‑time peak of 171.94 in 2025, placing the country at 83rd in the global ranking for that year. The steep ascent reflects the transition from a post‑Soviet economy to full integration with the euro area, accompanied by successive waves of price liberalisation, fiscal consolidation and, more recently, pandemic‑related supply shocks that accelerated inflationary pressures. Compared with peers of similar rank, Trinidad and Tobago recorded a CPI of 171.08 and Peru 173.34 in 2025, indicating that Latvia’s price trajectory aligns closely with other emerging economies experiencing comparable external demand and commodity price dynamics. While the long‑run upward trend suggests continued vulnerability to global cost spikes, the adoption of a more restrictive monetary stance by the European Central Bank and potential improvements in domestic productivity could temper future CPI growth.
Data & projection
| Year | Consumer Price Index | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 194.43 | - | - |
| 2026* trend | 183.18 | - | - |
| 2025* trend | 171.94 | - | - |
| 2025 | 171.94 | +15.42 | #83 |
| 2024 | 156.52 | +1.96 | #87 |
| 2023 | 154.57 | +12.68 | #91 |
| 2022 | 141.89 | +20.94 | #89 |
| 2021 | 120.95 | +3.84 | #58 |
| 2020 | 117.11 | +0.26 | #56 |
| 2019 | 116.86 | +3.20 | #62 |
| 2018 | 113.66 | +2.81 | #53 |
| 2017 | 110.85 | +3.16 | #43 |
| 2016 | 107.70 | +0.15 | #32 |
| 2015 | 107.54 | +0.19 | #34 |
| 2014 | 107.36 | +0.66 | #34 |
| 2013 | 106.70 | −0.03 | #33 |
| 2012 | 106.73 | +2.36 | #63 |
| 2011 | 104.37 | +4.37 | #86 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw consumer price index improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's consumer price index was 171.94 in 2025. Ranked 83rd globally. This represents a 9.8% increase from the previous year.
Latvia's consumer price index peaked at 171.94 in 2025.
The lowest consumer price index in Latvia was 1.13 in 1991.
Latvia ranks 83rd globally in consumer price index as of 2025.
The World Bank indicator code is FP.CPI.TOTL. Data sourced from World Bank.
Latvia's consumer price index is projected to reach 171.94 by 2025 based on trend extrapolation.
The consumer price index of Latvia in 2025 was 171.94. This ranks 83rd in the world.
Cite this page
@misc{historysaid_latvia_consumer-price-index,
title = {Latvia Consumer Price Index},
url = {https://historysaid.com/latvia/consumer-price-index/},
publisher = {HistorySaid},
year = {2026}
}