🇱🇹🇱🇻🇪🇪Baltic inflation snapshot: December 2025
Inflation pressures across the Baltic states eased at the end of 2025, but underlying differences remain clear. Food, housing costs and services continue to shape price dynamics in all three economies.
🇱🇹Lithuania
Annual inflation (Dec 2025, HICP): 3.2%
Average annual inflation: 3.4%
Monthly change: –0.2%
Price growth was mainly driven by restaurants and cafés, meat, dairy products, eggs, alcohol and tobacco, as well as rents. At the same time, lower electricity prices, cheaper cars and falling electronics prices helped curb overall inflation. Services remain the most persistent inflation component.
🇱🇻Latvia
Annual inflation (Dec 2025, CPI): 3.5%
Monthly change: –0.1%
Average over 12 months: 3.7%
Housing-related costs were the dominant driver of inflation in 2025, with electricity prices up sharply year on year, alongside rising water and utility charges. Food prices increased by 4.2% over the year, led by coffee, poultry, eggs and chocolate. December saw widespread seasonal discounts on alcohol and clothing, while transport and housing costs rose month on month.
🇪🇪Estonia
Consumer price index increase in 2025: 4.8%
Annual inflation (Dec 2025): 4.1%
Monthly change: –0.6%
Estonia recorded the highest inflation rate in the Baltics. Food and non-alcoholic beverages were the main contributors, with particularly strong price growth for coffee, chocolate and meat. Structural factors also played a role, including the introduction of a motor vehicle tax and higher healthcare service prices. Fuel prices declined, providing some relief late in the year.
🇱🇹🇱🇻🇪🇪Baltic overview
Across the region, food prices remain the most consistent inflation driver, while services inflation shows strong persistence. Energy trends diverged: housing and utility costs were a major inflation source in Latvia, while falling electricity prices moderated inflation in Lithuania. Estonia stands out due to tax and tariff effects that pushed its overall price level higher than in neighbouring countries.
Context: The data reflect national statistical offices and HICP/CPI releases for December 2025. January 2026 figures will incorporate updated ECOICOP classifications but will not revise headline inflation rates. BSM © 2026
Image: photos/photo_156@13-01-2026_22-41-46.jpg