Latvia’s consumer price inflation picked up in May 2026, with the year-over-year Consumer Price Index (CPI) rising to 3.50%, up from 2.90% in April 2026. The data, updated on 9 June 2026, show a clear acceleration in price growth compared with the same month a year earlier.
The figures are based on year-over-year comparisons, meaning May’s 3.50% reading reflects how prices have changed relative to May of the previous year, while April’s 2.90% indicated price growth versus April a year earlier. The uptick suggests mounting price pressures in the Latvian economy as inflation continues to move further above the April pace. Investors and policymakers will be watching upcoming data closely to determine whether May’s acceleration marks the beginning of a more sustained inflation trend or a short-term fluctuation.
