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Central Statistical Bureau

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Situations

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Latvia food price reduction via VAT cuts

3 clusters · 7 sources · last updated

Latest: Latvia food prices drop 10.18% following VAT reduction

In Latvia, food prices decreased by an average of 8.32% following a reduction in Value Added Tax (VAT) on items such as bread, milk, eggs, and poultry. The tax rate was lowered from 21% to 12%, which had an expected math

[QUIET] [BUSINESS] [LV]

Latvian inflation trends and pension indexation

3 clusters · 5 sources · last updated

Latest: Latvia inflation rises to 3.2% in August 2026

Latvia is managing economic shifts related to inflation and consumer prices. While annual inflation dropped to 2.6% in July due to seasonal factors and VAT reductions on certain food items, economists warned this decline