FX.co ★ Latvia Slips Back Into Deflation as July CPI Falls 0.7% Month-on-Month

Latvia’s consumer prices declined in July 2026, with the country’s month-on-month Consumer Price Index (CPI) falling by 0.70%, according to data updated on 11 August 2026. The drop marks a return to deflationary territory after a flat reading in the previous month.

In June 2026, Latvia’s CPI showed no change on a month-over-month basis, holding at 0.00% compared with May. The fresh July figure indicates a renewed weakening in price pressures, as the actual change for July is measured against June, while the previous figure reflected the change from May to June.

The data are based on a month-over-month comparison, meaning the July reading captures how prices evolved relative to June, rather than over a full year. The shift from zero growth to a 0.70% decline suggests a softening price environment in Latvia as the third quarter of 2026 begins.