FX.co ★ Latvia’s Annual Inflation Accelerates to 3.2% in August, Ending Two-Month Cooling Trend

Latvia’s consumer price inflation picked up in August 2026, with the year-over-year Consumer Price Index (CPI) rising to 3.20%, up from 2.60% in July 2026. The latest data, updated on 08 September 2026, signal a renewed acceleration in price growth after a period of moderation.

Both the current and previous readings are calculated on a year-over-year basis, comparing each month to the same month a year earlier. The move from 2.60% in July to 3.20% in August suggests that inflationary pressures in Latvia strengthened as the summer progressed, reversing part of the earlier slowdown.

The August figure will likely draw attention from policymakers and market participants tracking the trajectory of prices in the Latvian economy, as it may influence expectations for future monetary and fiscal decisions if the upward momentum in inflation persists in the coming months.