In April 2025, Latvia experienced an increase in its annual inflation rate, reaching 3.9%, the highest level since August 2023, and rising from 3.3% in March 2025. This uptick was primarily driven by notable price increases in several sectors, including food and non-alcoholic beverages, which surged to 7.3% from 6.4% in March. Additionally, clothing and footwear prices grew by 1.4% compared to 0.2% previously, while costs for furnishings, household equipment, and routine maintenance increased to 2.4% from 1.8%. There was also a significant rise in prices for miscellaneous goods and services, from no growth in March to 5.4% in April. Furthermore, the decline in transport-related goods and services prices decelerated, registering at -1.3%, up from -2.1% in March.
Conversely, these factors were somewhat counterbalanced by a decrease in inflation rates for alcoholic beverages and tobacco products, which fell to 8% from 9.8%, healthcare services, which dropped to 3.7% from 4.6%, and education costs, which decreased to 9.7% from 10.5%. On a monthly basis, consumer prices saw a notable increase of 1.1% in April, marking the most substantial monthly hike since March 2024, following a 0.9% rise in March 2025.
