At 3.8 % a year, prices double in about 19 years if it holds.
Inflation rate in Latvia over time
26 official observations, 2000 → 2025. Every point is a published value — never interpolated.
Rank
#58 of 126
closer to 2 % is better
Ranked behind
54 %
68 of 126 countries
Latest move
▲ 2.48 pp
since 2024
Below its peak
13.56 pp
peak 17.31 % in 2022
Full series
▲ 1.10 pp
since 2000
In Europe: #20 of 38vs median 3.12 %: +0.63 pp (worse)
The doubling clock
Exact compounding (ln 2 ÷ ln(1 + rate)), not the rule-of-72 shortcut — and an if-it-holds projection, not a forecast: the clock is reset by every new inflation reading. The target line is the context — most central banks aim near 2 %, where prices double about once a working life.
Among 126 countries
Half of all 126 countries sit between 1.66 % and 4.65 %. Latvia is ahead of 54 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.
Annual CPI inflation from official statistics (World Bank, Eurostat, SSB). Ranked and coloured by distance from the ~2 % target most central banks aim for — deflation is not "winning".
How to read this figure
Annual change in the consumer price index — how much more the same basket costs than a year ago. Derived from official index levels (World Bank collection); one number for the whole country, so your personal basket may run hotter or colder. Ranked and coloured by distance from the ~2 % target most central banks aim for: deflation is a warning sign, not a win, so the greenest countries sit NEAR the target — not at the lowest number.