FX.co ★ Latvia Annual Inflation Eases Slightly in October

Latvia’s annual inflation rate edged down to 3.1% in October 2026, from 3.2% in September, marking the lowest level since July. The deceleration was driven mainly by a sharper decline in food prices (-5.3% vs -4.8% in September) and slower price growth in several categories, including housing and utilities (6.8% vs 7.3%), restaurants and hotels (4.3% vs 5.7%), recreation, sports and culture (4.5% vs 5.6%), furnishings (1.3% vs 1.8%) and education (1.7% vs 1.8%).

By contrast, inflation picked up for alcoholic beverages and tobacco (4.2% vs 2.3%), information and communication (2.3% vs 1.4%), health (3.5% vs 2.9%), insurance and financial services (7.2% vs 6.8%) and transport (12.8% vs 12.6%). Clothing and footwear prices increased by 0.9% after a 0.4% decline in the previous month. On a monthly basis, consumer prices rose 0.4% in October, following a 0.2% increase in September.