The bread price per unit in Latvia demonstrates a general upward trend from 2010 to 2020, with slight fluctuations. Starting at €1.34/kg in 2010, it increased steadily until a slight decline in 2015 and again in 2017, only to peak at €1.85/kg in 2020. The year-on-year percentage changes indicate minimal volatility, notably rising 5.7% from 2019 to 2020, and averaging a compound annual growth rate (CAGR) of 4.4% over the last five years. By 2023, prices hovered around €1.95/kg, maintaining a steady increase.

Future trends to watch for include:

Potential price relief or stabilization due to improved agricultural yields.
Impact of international supply chain adjustments on local bread prices.
Consumer preference shifts towards sustainable and local products, possibly influencing pricing strategies.