Latvia Annual Inflation Rate

Latvia's annual inflation rate fell to 1.27% in 2024, down from 8.94% in 2023, according to World Bank. This represents a decrease of 7.67% from the previous year. Latvia has annual inflation rate lower than the global median (1.27% vs median 3.16%). Compared with the median in Europe, Latvia is lower (1.27% vs regional median 2.76%) and ranks 39th out of 43 countries in Europe.