Latvia - Consumer Price Index (CPI)

For Latvia, the consumer price index reflects changes in the prices of consumer goods and services in a specified period of time. The CPI measures the average level of price changes in a fixed amount of selected goods and services (the consumer basket).

This indicator is used as a principal measure of inflation in Latvia. Price changes during a month, year or any other period are calculated on the basis of price indices.

Active:

• Classification: ECOICOP ver.2
• Measurement: Fixed-base index relative to 2025 (Index 2025=100)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Monthly
• Start date: Uniformly 2000m1

Predecessors:

• ECOICOP ver.1, 2015=100 - 2005m1 to 2025m12
• 2010=100 - 2005m1 to 2025m12 ("_10")
• 2005=100 - 1996m1 to 2013m7 ("05")

Global concept alias:

• CPI

The source writes:

Source of data

The CPI covers all resident population of the country, and is conducted in Riga and 11 district centres. By using the population weights, survey data are expanded to the whole country, both urban and rural areas.

Sample size

Approximately 2.3 thousand various trade outlets and market service establishments are surveyed. In total, more than 19,000 prices are observed each month.

Description of data

Prices of most goods are recorded every month from the 8th to the 20th of the reference month, while selected goods with larger price fluctuations are monitoried over a longer period of time. The weights are computed to represent the proportion of expenditures for each individual commodity to total household expenditure and are review every year.

The Household Budget Survey is a prominent source used for the calculation of weights, while macroeconomic calculations, business statistics and information from organizations, and shops and enterprises are used as additional sources.

Methods of calculation

At first, the average prices of products and services are collected, then the whole country average is calculated as simple arithmetic mean. 

Classification

All goods and services in the CPI basket are grouped according to the classification of individual (final) consumption by purpose (international designation COICOP).

Additional information

Due to specifics of electronic data processing technologies and rounding adjustments, minor differences may occur between totals and sums of components.

Moody's Analytics supplements

We back-extend the CPI general index (NSA) (1992m1 to 1999m12) using its predecessor(s). We construct a seasonally adjusted counterpart using the X-13ARIMA-SEATS program.

No. The published data are final and are not the subject of revisions.

Further reading

At the source:

• Table PCI021m: Consumer price indices and changes by commodity groups (ECOICOP ver.2) 2000M01 - present

At Eurostat:

• Harmonised indices of consumer prices (HICP) » Overview

At IMF (SDDS Plus):

• Real sector: Price index: Consumer prices (Jan 2026)

• Sep 2005 - Initial version.
• Oct 2012 - Addendum of SA supplements.
• Feb 2013 - Rebased to 2010.
• Jun 2017 - Addendum of base 2015.
• 5 Mar 2026, Phillip Thorne - CPI reclassified to ECOICOP ver.2, rebased to 2025: Description, Properties, Further reading.