Latvia inflation rate for 2023 was 8.94%, a 8.37% decline from 2022.
Latvia inflation rate for 2022 was 17.31%, a 14.03% increase from 2021.
Latvia inflation rate for 2021 was 3.28%, a 3.06% increase from 2020.
Latvia inflation rate for 2020 was 0.22%, a 2.59% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
