FX.co ★ Latvia Inflation Rate Accelerates to Over 2-Year High

In October 2025, Latvia's annual inflation rate increased to 4.3%, up from 4% in September, marking the highest rate since August 2023. The cost of housing saw a sharp rise, moving to 6.2% from 4.1% in September. Miscellaneous goods and services also experienced a significant increase, jumping to 4.5% from 1.4%, as did the health sector, rising to 4% from 3.7%. Meanwhile, inflation rates for transport and recreation and culture remained stable at 2.6% and 2.3%, respectively. Conversely, the growth rate of food prices slowed down to 5.6% from 6.8%, with alcohol and tobacco decreasing to 2.4% from 3.9%. Similarly, there was a reduction in inflation for clothing and footwear, which decreased to 1.4% from 1.6%, communication fell to 3% from 3.3%, and prices for restaurants and hotels eased to 5.4% from 5.7%. On a monthly scale, consumer prices increased by 0.4% in October, following a 0.2% rise in September.