Latvia’s annual inflation rate slowed to 2.9% year-on-year in April 2026, down from 3.4% in March. The deceleration was largely driven by deflation in food and non-alcoholic beverages, where prices fell by 0.3% after rising 1.1% in the previous month. Price growth also weakened in several categories, including alcoholic beverages and tobacco (0.6% vs 0.9%), recreation, sport, and culture (1.8% vs 3.4%), clothing and footwear (0.6% vs 2.1%), personal care, social protection, and other miscellaneous goods and services (2.9% vs 6%), furnishings, household equipment, and routine household maintenance (1.2% vs 1.5%), and education (4% vs 4.6%).
By contrast, inflationary pressures intensified in a number of sectors. Housing and utilities inflation rose to 5.1% from 4.8%, healthcare to 4.6% from 4.1%, transport to 8.5% from 7.3%, information and communication to 2.1% from 1.4%, and restaurants and accommodation services to 5.6% from 4.2%.
On a monthly basis, consumer price growth also moderated, with prices rising 0.6% in April, compared with a 1.9% increase in March.
