FX.co ★ Latvia’s Annual Inflation Eases Slightly to 3.4% in June 2026

Latvia’s consumer price inflation edged down in June 2026, with the year-over-year Consumer Price Index (CPI) reading easing to 3.40%, from 3.50% in May 2026. The latest data, updated on 8 July 2026, indicate a modest slowdown in price growth compared with the same month a year earlier.

On a year-over-year basis, June’s figure confirms that inflationary pressures in Latvia are gradually moderating, though they remain elevated compared with pre-inflation surge levels. The “actual” June reading reflects price changes versus June of the previous year, while the “previous” May reading similarly compared prices to May a year earlier, providing a consistent basis for tracking the recent disinflation trend.

For policymakers and market participants, the slight decline from 3.50% to 3.40% suggests inflation is cooling, but not yet decisively. Investors and analysts will be watching upcoming releases closely to see whether this softening continues in the second half of 2026 and how it might influence monetary and fiscal policy expectations in Latvia.