08.12.202511:17:48UTC+00Latvia Inflation Slows to Four-Month Low in November

In November 2025, Latvia experienced a slowdown in its annual inflation rate, which decreased to 3.8%, marking the lowest rate in four months. This decline follows a 4.3% rate observed in October. The deceleration in inflation was primarily attributed to reduced price increases across several sectors: food prices rose by 5.2% compared to 5.6% previously, transport costs grew by 2.2% down from 2.6%, miscellaneous goods and services saw a growth of 0.8% against a prior 4.5%, recreation and culture registered a rise of 2.0% compared to 2.3%, health costs increased by 3.7% compared to 4.0%, while alcohol and tobacco prices went up by 2.1% versus 2.4%, and communication prices grew 2.7% down from 3.0%. Prices for housing and restaurants and hotels remained constant at 6.2% and 5.4%, respectively. However, there was an acceleration in clothing and footwear, which saw an increase of 1.7%, up from 1.4%. On a monthly scale, consumer prices experienced a 0.3% decline in November, which contrasts with a 0.4% rise in October, thus marking the most significant decrease since August 2024.