FX.co ★ Latvia’s Consumer Prices Rebound in August, Ending Deflation Streak

Latvia’s consumer price index (CPI) returned to positive territory in August 2026, rising 0.30% month-over-month after a 0.70% decline in July. The latest data, updated on 8 September 2026, signal a reversal from short-term deflationary pressures seen in midsummer.

On a month-over-month basis, the shift from -0.70% in July to 0.30% in August indicates a stabilization in consumer prices, as the downward momentum in July was not carried forward. The “actual” August reading reflects price changes compared with July, while the “previous” figure captures July’s movement relative to June, highlighting the contrast between a sharp monthly drop and the subsequent modest recovery.

The August uptick suggests that price pressures in Latvia have normalized after the prior month’s contraction, potentially easing concerns over a prolonged deflationary phase and offering a more balanced inflation picture for the late summer period.